AboitizPower reported a net income of P 21.7 billion for 2018, 6 percent higher compared to the previous year’s earnings of P 20.4 billion. At least P2.1 billion was recorded as non-recurring...
A public-private partnership with South Korea’s Hanjo Group Manufacturing Inc. will construct a 600 MW thermal plant in Bataan to meet the province’s power demand, Governor Albert Garcia said. “Aside from job...
For the third time this month, the Luzon grid was placed on yellow alert last Friday, triggering a supply tightening that could result in price hikes, particularly in the Wholesale Electricity Spot...
Local distributor Benguet Electric Cooperative, Inc. (BENECO) is calling on the Department of Energy (DOE) to review its policy in issuing Hydropower Service Contracts (HSC) to electric cooperatives. In a letter shared...
The Department of Energy (DOE) has recorded a rise in the country’s net oil import by 31 percent in 2018, from last year’s $9.256 billion to $12.116 billion. “This was attributed to...
Negros Occidental Governor Alfredo Marañon Jr. signed an Executive Order (EO) banning the entry of coal-fired plants in the province, cementing the region’s pursuit for increased usage of renewable energy sources. The...
The Manila Electric Company (Meralco) announced an overall increase in electricity rates to P10.4961 per kWh in March from P10.4067 per kWh last month. A typical household consuming 200 kWh will have...
The Department of Energy (DOE) assured the public that the grid will remain stable and will have sufficient energy supply to last during the summer season, even with the upcoming elections. In...
AboitizPower’s 19-MW La Trinidad Hydro power plant has reached one million safe man hours since construction began in 2017. The hydro power plant is seen to be completed in 2019 as part...
The Philippine Rural Electric Cooperatives Association (Philreca) is calling for the resignation of Department of Energy Secretary Alfonso Cusi for his alleged incompetence and ignorance of the law. In a statement published...
