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Australia to invest P630M in disaster, climate resilience initiative in PHL

THE Australian government is investing around P630 million (A$18 million) in programs aimed at strengthening disaster and climate resilience capacity of local governments in the Philippines over the next six years.

Meralco weighs foray into gas business

MANILA ELECTRIC Co. (Meralco) should look at participating in the gas business, its chairman said, as a separate company that he leads is set to develop an offshore area for its resources.

AboitizPower begins public offer of P8-B retail bonds

ABOITIZ Power Corp. has started selling its five-year fixed rate bonds worth P8 billion to retail investors after its receipt of the corporate regulator’s permit to offer the securities for sale.

NEA to ask Budget dep’t for P16.76 billion until 2026 to...

THE National Electrification Administration (NEA) said Monday that it will be seeking P16.76 billion worth of additional funding from the Department of Budget and Management (DBM) until 2026 for its sitio electrification program, with the goal of powering up more than 11,000 rural villages within that period.

Meralco core income down by 9% in 2020

MANILA Electric Co. (Meralco) posted a core net income of P5.98 billion in the fourth quarter of 2020, down 11.2% year on year to cap 2020 with residential users accounting for the biggest share of power consumption.

Pangilinan eyes SPEx stake in Malampaya project

THE head of the MVP group of companies said on Monday that he was looking at acquiring the stake of Shell Philippines Exploration B.V. (SPEx) in the Malampaya gas-to-power project off the northwest Palawan coast.

AboitizPower to supply renewable energy to Wells Fargo branch

ABOITIZ Power Corp. announced on Monday that its unit would be supplying 7,500 megawatt-hour (MWh) of renewable energy yearly to Wells Fargo International Solutions LLC-Philippines to help the latter meet 65% of its electricity requirements.

Energy-efficiency labeling rules expected soon

THE Department of Energy (DoE) said it expects to publish the implementing guidelines for the labeling of energy-consuming products (ECPs) in one or two months.

Citicore Power earmarks P4-B for solar, hydro projects

RENEWABLE energy firm Citicore Power, Inc. has allocated P4 billion in capital expenditures (capex) for solar and hydro projects, as the firm plans to list a power portfolio in the local bourse this year, the firm’s top official said.

NGCP holds consultations on transmission plan

The National Grid Corp. of the Philippines (NGCP) on Friday said that it has been consulting agencies and stakeholders in the past two months...

Peak power demand seen in June; to be in line with...

The Independent Electricity Market Operator of the Philippines (IEMOP) said Friday that the dry-season peak for power demand will remain subdued relative to pre-pandemic...

PXP Energy cuts losses nearly five times to P56 million

Manuel V. Pangilinan-led PXP Energy Corp. reported a consolidated net loss of P56.1 million to its equity holders in 2020, or nearly five times...

SN Aboitiz to tap into 633-MW dependable hydro capacity for customers...

SN Aboitiz Power (SNAP) is targeting to use 633 megawatts (MW) of the total dependable capacity from its three hydroelectric plants in Isabela and Benguet for the country’s green energy option program (GEOP), its top official said on Thursday.

Meralco says power bill may drop in March

CUSTOMERS of Manila Electric Co. (Meralco) have a “strong” chance of seeing their electricity bill next month to be lower as it will include the average refund rate of P0.1528 per kilowatt-hour (kWh) for “over-recoveries” as ordered by the Energy Regulatory Commission (ERC), a company official said on Thursday.

San Miguel says prepayment offer for Ilijan plant ‘made in good...

SAN MIGUEL Corp. (SMC) said that its offer to pay off the 1,200-megawatt (MW) Ilijan power plant’s capacity charges ahead of schedule was done in good faith, according to a statement issued on Thursday.

GNPower Mariveles coal plant unit goes on unplanned outage

ABOITIZ Power Corp. said on Wednesday that a unit of its 632-megawatt (MW) pulverized coal-fired power plant in Mariveles, Bataan went on an unexpected shutdown due to a damaged boiler.

Mondelez, Plastic Flamingo partner for recycling push

SNACK maker Mondelez Philippines, Inc. has partnered up with social enterprise The Plastic Flamingo (PLAF) in collecting and recycling 40 metric tons or 40,000 kilos of plastic waste, which would be used in the latter’s production of eco-lumber material for disaster relief shelters.

Aboitiz firms harness data science, AI to reduce emissions

TWO Aboitiz-led companies have adopted data science and artificial intelligence (DSAI) in their business operations to curb emissions and increase efficiency, the group said in a press release on Wednesday.

Regional Updates (02/24/21)

STORM Auring, the first typhoon to hit the Philippines this year, left one person dead, two others injured and four still missing as of Wednesday morning, the national disaster management agency reported.

Vivant to invest P433.8 million in Zubiri’s power firms

CEBU-BASED Vivant Corp. announced on Tuesday that it would be infusing around P433.83 million in equity shares in Senator Juan Miguel F. Zubiri’s two power firms in Mindanao, as the listed firm plans to continue its expansion in the region.

DoE sets virtual hearing on energy-efficiency label rules

THE Department of Energy (DoE) has scheduled another video consultation on draft rules that will govern the labeling of energy-consuming products (ECPs) alerting consumers to their energy use.

ERC eases financial eligibility rules for generation companies

THE Energy Regulatory Commission (ERC) said Tuesday that a recent resolution has eased the financial eligibility requirement for generation companies (GenCos), in a bid to encourage investment in the sector.

Citicore Power targets commercial run of Pampanga solar farm by end-2021

CITICORE Power, Inc. is aiming to complete its solar farm in Pampanga by yearend as construction is scheduled to start next month, its top official said on Monday.

TransCo to operate off-grid power systems as directed by DoE chief

THE Energy department has designated the state-led National Transmission Corp. (TransCo) as operator of off-grid power systems that have two or more suppliers, according to a memorandum issued by the agency early this month.

Two developers ask Energy department to reconsider their bids for hydro...

THE Department of Energy (DoE) said on Friday that two power firms, which submitted bids for hydropower projects under a competitive selection process, filed motions for reconsideration shortly after failing to comply with documentary requirements during the opening of bids.

DoE issues guidelines for certification of energy efficiency professionals

THE DEPARTMENT of Energy (DoE) on Friday has listed down the guidelines for the assessment, registration and certification of energy conservation officers who cover...

2 SMC units submit lowest bids for 1,800-MW Meralco supply deal

Two companies under the San Miguel group submitted the lowest bids during the competitive selection process (CSP) held by Manila Electric Co. (Meralco) for...

Mindanao-Visayas power grid link faces delay

A CRUCIAL transmission project that will link the separate power grids of Visayas and Mindanao may not be completed by the end-2021 target date after portions of fiber optic submarine cables were damaged, the grid system operator said on Thursday.

Alsons appoints Nicasio Alcantara as president, chairman

ALSONS Consolidated Resources, Inc. (ACR) on Thursday has named a new president and chairman to lead the firm starting March.

Logistical issues to delay delivery of Pfizer shots — Roque

THE COVID-19 Vaccines Global Access (COVAX) Facility, led by the World Health Organization, gave notice of potential delay in the delivery of Pfizer vaccines due to logistical issues, the Palace said on Thursday.

Regional Updates (02/18/21)

TROPICAL depression Auring has intensified into a tropical storm category as of Thursday morning as it continues to move northwestward over the Philippine Sea, weather bureau PAGASA reported.

ATN to supply more rock aggregates to first phase of north-south...

LISTED ATN Holdings, Inc. said that it is gearing up to supply more rock aggregates to the 38-kilometer (km) segment of the North-South Commuter Railway, which spans Tutuban, Manila to Malolos, Bulacan, after the company received additional purchase orders for the project, the firm said on Wednesday.

Priority dredging works on Marikina River targeted for completion by end...

THE Department of Public Works and Highways (DPWH) said Wednesday that dredging in three parts of the Marikina River identified as priority areas will be substantially complete by the end of April.

Travel ban pushes back target commercial run of Dinginin power plant...

THE target commercial operations of the 1,336-megawatt (MW) supercritical coal-fired power plant of GNPower Dinginin Ltd. Co. have been pushed back due to construction delays caused by travel restrictions, the top official of Aboitiz Power Corp. said.

First Gen gas plant goes online for recommissioning

FIRST GEN Corp. announced Tuesday that one of its natural gas-fired plants in Batangas had gone online on Monday, as part of its recommissioning activities, after the repair of a generator had been completed.

Energy dep’t clears 3 geothermal bidders for next auction stage

THE Department of Energy (DoE) has allowed three geothermal companies to proceed to the next stage of the open and competitive selection process round three (OCSP3), after declaring the applicants to be compliant with all requirements at the opening of bids Monday.

ERC sets Q2 timeline for GEAR pricing

THE Energy Regulatory Commission (ERC) said hopes to set the Green Energy Auction Reserve (GEAR) Price by the second quarter, along with a template for power supply agreements to be concluded by winning bidders and utilities.

Ayala unit secures funding for Australia solar farm

THE Ayala group and its Australian partner have secured AU$619 million, or around P23.1 billion, in bank financing for a 400-megawatt (MW) solar farm project in New South Wales.

3 gas-fired power plants seen launching between 2022, 2025

ENERGY WORLD Corp. (EWC), Excellent Energy Resources, Inc. (EERI), and Batangas Clean Energy, Inc. have projected the launch commercial operations of their natural gas-fired power plants between 2022 and 2025, according to the Department of Energy (DoE) documents.

Marikina River dredging to start Feb. 17 — DENR

THE Department of Environment and Natural Resources (DENR) announced over the weekend that the Task Force Build Back Better (TF BBB) will begin dredging the Marikina River on Feb. 17.

Renewable energy program targets 55.8% share of power mix by 2040

THE Department of Energy has set new renewable energy (RE) targets in its latest version of the National Renewable Energy Program (NREP), with RE expected to account for more than half of the Philippines’ power mix by 2040, officials said.

GNPower Dinginin power plant targets full commercial operation by June —...

THE 1,336-megawatt (MW) supercritical coal-fired power plant of GNPower Dinginin Ltd. Co. is scheduled to begin its full commercial run by June this year, latest data from the Energy department show.

EDC ties up with social enterprise for plastic waste collection

LOPEZ-LED Energy Development Corp. (EDC) has inked a deal with local social enterprise The Plastic Flamingo (PLAF) to collect plastic waste from the houses of the firm’s employees for recycling and upcycling, the company said on Thursday.

NGCP seeks ERC’s OK for 41 capex projects

THE National Grid Corp. of the Philippines (NGCP) has asked the Energy Regulatory Commission (ERC) to approve 41 capital expenditure (capex) projects which are scheduled to be built starting this year, according to documents obtained from the ERC.

Regional Updates (02/11/21)

Trucks and trailers will be banned from crossing the Nagtahan Flyover in Manila starting February 20 to avoid further damage and potential accidents on the structure that is already lined up for repair, the Metropolitan Manila Development Authority (MMDA) announced Thursday. The agency said light vehicles can still use the bridge, based on the recommendation of the Department of Public Works and Highways (DPWH).