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Metro Manila has lowest water rates compared to other big cities

WATER RATES in Metro Manila are the lowest compared to other metropolitan cities in the Philippines and among the lowest compared with other cities in the Asia-Pacific region, figures mostly culled from a state agency show.

Alsons starts building small hydro-power plant, lines up more

THE power group of Alsons Consolidated Resources, Inc. (ACR) has started the construction of its 14.5-megawatt (MW) run-of-river hydroelectric power plant at the Siguil River basin in Maasim, Sarangani province, it said on Sunday.

Jollibee raises $600M from offshore debut

JOLLIBEE Foods Corp. (JFC) raised $600 million from a landmark sale of perpetual securities in its offshore capital market debut, restocking its chest after buying the company behind US specialty chain Coffee Bean & Tea Leaf (CBTL).

Pilipinas Shell says Batangas oil refinery operating safely after Taal eruption

PILIPINAS Shell Petroleum Corp. (PSPC) said on Friday that its oil refinery in Batangas province continues to operate safely while its retail stations serve as emergency response sites while Taal Volcano is erupting.

Ayala energy arm investing P1.86B in Laguna solar farm

AC Energy Philippines, Inc. is investing up to P1.86 billion in a company that is developing a 120-megawatt (MW) solar farm in Laguna, the Ayalas’ energy arm in the country told the stock exchange on Tuesday.

NGCP readies new power transmission projects ahead of proposed regional grid

PRIVATELY owned National Grid Corporation of the Philippines (NGCP) said on Tuesday that it had lined up at least four power transmission interconnection projects to add to those nearing completion, including the P 51.7-billion Mindanao-Visayas Interconnection Project that is scheduled to be finished in December 2020.

Cebu oil exploration firm taps contractor for production wells

CHINA International Mining Petroleum Co. Ltd. (CIMP), a unit of a Hong Kong-listed company, has tapped a contractor to start drilling six production wells in an oilfield up in the mountains of Alegria town in Cebu.

Over 27,000 households in Batangas have no power

THE National Electrification Administration (NEA) said Monday that 57 barangays with 27,179 households under the franchise of Batangas II Electric Cooperative, Inc. (Batelec II) are without power due to ashfall from Taal Volcano.

January Meralco rates to go down

HOUSEHOLDS in Metro Manila can expect a decrease in their electricity bills in the first month of 2020, with typical households set to see a reduction of P82, the Philippine capital’s largest power distribution utility said on Wednesday.

Duterte offers new water contracts

PRESIDENT Rodrigo R. Duterte is offering new contracts to Metro Manila’s two water concessionaires, but warned the government will take over water distribution services and pursue charges against Manila Water Co., Inc. and Maynilad Water Services, Inc. should they reject the new terms and conditions.

Bloomberry bid to drop arbitration award rejected

THE Singapore High Court has dismissed the petition of Bloomberry Resorts Corp.’s (BRC) subsidiaries to set aside the enforcement of the partial award given by an arbitration tribunal in favor of companies whose management contract was terminated.

Maynilad says water recovery program helped ease supply woes

METRO MANILA’S west zone water concessionaire Maynilad Water Services, Inc. said its non-revenue water management (NRW) program has recovered 979 million liters per day (MLD) since its launch in 2008, the company said in a statement on Sunday.

Aboitiz holding firm plans to offer dollar-denominated notes

ABOITIZ Equity Ventures, Inc. (AEV) is planning to issue dollar-denominated senior unsecured notes “subject to market conditions,” the holding said on Friday as one of its units appointed financial institutions to arrange events for investors on the proposed offering.

Lopez firm appeals order to pay P1.2 billion in tax case

FIRST Philippine Holdings Corp. (FPH) said on Friday that it intends to ask within the day the Court of Tax Appeals (CTA) to reconsider its decision that granted in part the Lopez-led firm’s petition for review to protest a tax assessment of around P1.5 billion.

Petron starts fuel marking in refinery, import facility

PETRON CORP., the country’s largest oil refiner, said on Friday that it had rolled out fuel marking at its refinery in Bataan and its import facility in Misamis Oriental to support the government’s efforts to curb smuggling.

Visayas and Mindanao could add to electricity crunch in hot months...

PEAK POWER DEMAND in the Visayas and Mindanao may have moved towards the dry months -- when Luzon usually marks its biggest usage each year -- the Department of Energy said, as it prepares for the possibility that all three island groups will require more electricity at the same time.

Gov’t departments vetting proposed nuclear policy

THE Energy department said other government agencies are now vetting the atomic energy policy it proposed to Malacañang, the outgoing head of the Nuclear Energy Program Implementing Organization (NEPIO) said.

Aboitiz unit to supply power to Batangas electric cooperative

ABOITIZ Power Corp. has signed up the country’s largest electric cooperative to 3 megawatts (MW) of power supply, adding the Batangas distribution utility to the list of customers under its clean energy brand.

Energy dep’t to require more firm contracts for reserve power

THE Department of Energy (DoE) has issued a circular that will require half of the supply contracted as reserve power to be on a “firm” basis in which the grid operator has a binding agreement to source its requirement from a power generation plant.

DoE warns of risks of holding onto RE certificates

THE Department of Energy (DoE) has warned holders of renewable energy (RE) certificates not to hold on these tradable instruments once the trading market starts to operate next year as their life is limited only to three years.

Fitch Solutions flags ‘high regulatory risk’

THE GOVERNMENT’s move to revoke the extension of its agreement with the country’s largest water concessionaires Manila Water Co., Inc. and Maynilad Water Services, Inc. shows the “high regulatory risk” faced by the private sector in contracting with the state, a UK-based research firm said on Monday.

Diesel, kerosene prices to go up

OIL companies will not adjust gasoline prices for the second straight week, but they will impose a hefty increase for diesel and kerosene.

NGCP a step closer to backdoor listing

SHAREHOLDERS of Synergy Grid & Development Phils., Inc. (SGP) have approved the increase in the company’s authorized capital stock to P5.05 billion ahead of a share-swap deal that will pave the way for the listed company to own the controlling shares in the Filipino entities that run the National Grid Corporation of the Philippines (NGCP).

Roxas unit sells Cubao property

ROXAS and Co., Inc. (RCI) said its subsidiary in the hospitality business is selling its hotel in Cubao, and relocating “to a more strategic location” in a move aimed at improving the company’s finances.

More needed to open up biomass dev’t

THE MOVE by the Department of Energy (DoE) to allow full foreign ownership of biomass power plants has done little to attract more investments in projects involving the renewable energy technology, local developers said.

LNG storage backers tout Lucio Tan, JG Summit companies as gas...

A CONSORTIUM of potential users of liquefied natural gas (LNG) fronted by Lucio C. Tan’s conglomerate is asking the Department of Energy (DoE) to issue a notice to proceed with their proposed floating LNG storage facility.

Regulator to renegotiate Metro Manila water deals

THE ADMINISTRATOR of the Metropolitan Waterworks and Sewerage System (MWSS) said on Friday that it had given the country’s two largest water concessionaires a chance to renegotiate new terms of their contract with the government, ending speculation on their fate while clarifying issues that have arisen since Dec. 3.

Phinma education unit takes over Republican College

PHINMA Corp. said Friday that its education subsidiary acquired a controlling stake in The Republican College, Inc. and made new investments in the acquisition to buy “essential” properties.

PSEi recovers, but still down for the week

LOCAL SHARES managed to recover towards the end of the trading day after falling early on Friday, giving investors some respite from a week that has seen some stocks stumbling on negative sentiments on those in the water business.

Biomass association worried ERC changing the rules in FiT review

BIOMASS power plant developers have turned to the National Renewable Energy Board (NREB) for support in view of the move from the Energy Regulatory Commission (ERC) to review the feed-in tariff (FiT) rate for energy produced by biomass facilities.

PNOC unit to acquire additional stake in Malampaya project

THE exploration unit of state-led Philippine National Oil Co. (PNOC) is exercising its right to acquire 10% of the shares being sold by one of its partners in the offshore Malampaya gas-to-power project, the Energy department’s top official said.

SN Aboitiz plans venture into ground-mounted solar power plants

SN Aboitiz Power is planning to venture into ground-mounted solar power plants to add to its portfolio of energy sources, which are mostly large hydroelectric power plants, the company’s president said.

Regulatory woes rock water firm

MANILA WATER COMPANY, Inc. took a beating at the stock market on Tuesday and fell by 35.76% to slip below its debut price as the concessionaire for Metro Manila’s east zone faced an uncertain future after the government moved for a review of supposed onerous terms in its contract.

Phoenix-CNOOC venture junks LNG terminal project

PHOENIX Petroleum Philippines, Inc. and CNOOC Gas and Power Group Co., Ltd. have asked the Department of Energy (DoE) to suspend its proposal to build a liquefied natural gas (LNG) import terminal in the country, government officials said on Tuesday.

DMCI unit poised to turn over Masbate coal-fired power plant

CONSUNJI-LED DMCI Power Corp. is conducting testing and commissioning of its 15-megawatt (MW) coal-fired power plant in Masbate to replace its existing facility in the off-grid island in Bicol that runs on diesel fuel.

Phoenix Petroleum inks deal with US-based firm

PHOENIX Petroleum Philippines, Inc. said on Monday a subsidiary signed a memorandum of agreement with a US-based company to bring in power generation sets that run on different gases.

AboitizPower unit seeks TRO to halt Ilocos Sur property auction

ABOITIZ POWER CORP. said Monday that its subsidiary Luzon Hydro Corp. (LHC) had filed another petition to stop the Municipality of Alilem, Ilocos Sur from auctioning off its real properties.

DMCI warns Maynilad could face financial crunch

MAYNILAD WATER Services, Inc. risks financial difficulty should its creditors simultaneously demand payment of loans totaling some P42 billion due to a “material change” in its contract with the government, which has revoked extension of the water concession beyond 2022.

Solar industry seeks clarity on future of microgrid subsidy

LEGISLATORS need to decide on continued subsidies for off-grid power generation and distribution systems under the proposed microgrid law, the head of the Philippine Solar and Storage Energy Alliance said.

Water firms press for retention of current dam allocation

MANILA WATER Company, Inc. and Maynilad Water Services, Inc. called on the National Water Resources Board (NWRB) to maintain the minimum allocation to the concessionaires at 40 cubic meters per second (CMS) until the summer months to allow them to maintain their level of service to their customers.

Ethanol output estimated to rise 8.1% in 2019

PHILIPPINE ethanol production is expected to hit 320 million liters this year, up 8.1%, as declining sugarcane output and high prices encourage more market entrants going forward, the United States Department of Agriculture (USDA) said.

Impact of moves vs water firms flagged

METRO MANILA’S two water providers warned of the implication of the government’s move to revoke the extension of their concession, which they learned only on Wednesday morning, while a foreign business group and an economist said the wider impact on investor confidence bears watching.

Initial work for Kaliwa dam cleared

CHINA ENERGY Engineering Co. Ltd. has been issued last month a notice to proceed with the preparatory work for the construction of the P12.2-billion Kaliwa dam that is planned to be Metro Manila’s new water source, an official of the Metropolitan Waterworks and Sewerage System (MWSS) said on Wednesday.

Water firms back down under threat

METRO MANILA’S water service concessionaires on Tuesday said they have decided not to increase rates in January, as otherwise scheduled, and not to pursue awards they won at international arbitration courts, a week after President Rodrigo R. Duterte said their concession deals disadvantaged the government.

PECO settles Iloilo City property tax obligations

PANAY ELECTRIC Co., Inc. (PECO) said it had paid nearly P135 million to the Iloilo City government as settlement of its real property tax (RPT) obligations.