The Energy Regulatory Commission (ERC) has revised the minimum financial capability standards for generation companies (gencos) after over a decade to ensure efficiency and financial performance in the country’s power sector. Based
After nearly two decades, the National Power Corporation (NAPOCOR) has begun paying the back wages of former employees laid off in 2003 due to the implementation of Republic Act 9136 or the Electric
Government-owned Power Sector Assets and Liabilities Management Corporation (PSALM) said that it was able to reduce its debts in 2020, while cutting interest rates and improving collections. In a statement, PSALM reported
The government, through the Power Sector Assets and Liabilities Management Corporation (PSALM), looks to privatize its hydroelectric power plants (HEPPs) under Independent Power Producer (IPP) contracts this year, with a study by the
The Department of Energy (DOE) urged generation companies (gencos) to align the schedules of their power plants’ shutdowns to have enough supply in the power grid in the summer months. The DOE
Aboitiz Power Corporation remains the country’s top power generating firm, closely followed by San Miguel Corporation, based on the latest data from the Department of Energy (DOE). The DOE, in its 37th Electric
The Department of Energy (DOE) has orginaized a team to recommend policies regarding the privatization of the Agus-Pulangi Hydropower Complex (APHC), as well as other energy issues in the Bangsamoro Autonomous Region
The Power Sector Assets and Liabilities Management Corporation (PSALM) has demanded the Olongapo City government to settle its overdue electric bills and other charges worth at least Php6.71 billion. The state-owned firm
State-owned Power Sector Assets and Liabilities Management Corporation (PSALM) successfully sold last December 2 its real estate properties in Loboc, Bohol and Camalaniugan, Cagayan. The Bohol property was sold to Sta. Clara
Energy Sec. Alfonso Cusi defended the $50 million capital requirement for foreign companies entering the country’s geothermal sector, which was deemed to be “negligible.” Cusi pointed out that $50 million has been the amount
