In the absence of readily available capacity that it can procure via power supply agreement (PSA) underpinned by competitive selection process (CSP), power utility giant Manila Electric Company (Meralco) indicated that it will be left with no choice but to secure 260 megawatts (MW) of its required peaking capacity from the Wholesale Electricity Spot Market.
State-run Philippine National Oil Company (PNOC) has cemented a memorandum of understanding (MOU) with LBP Resources and Development Corporation (LBRDC), a subsidiary of Land Bank, for the rollout of solar rooftop installations at the latter’s economic zone domains.
Aboitiz Power Corp. subsidiary Therma Quezon Energy Inc. (TQE) proposed to develop a 1,310-megawatt combined cycle gas power plant (CCPT) in Pagbilao, Quezon and a liquefied natural gas terminal ((LNG) with estimated project cost of $1 billion.
Aboitiz Renewables Inc. (ARI), the renewable energy (RE) arm of Aboitiz Power Corp., said Tuesday the timely testing and commissioning of the 159-megawatt peak (MWp) Laoag Solar Power Plant in Aguilar, Pangasinan helped provide additional capacity and minimize grid strain, given the tight power supply.
MANILA Electric Co. (Meralco) said it has started conducting a full feasibility study with US-based company Ultra Safe Nuclear Corp. (USNC) for the installation of micro modular reactors (MMR) in the Philippines.
MANILA – Senator Grace Poe on Wednesday urged her colleagues to approve the franchise bid of three power distribution utilities in Leyte, Romblon, and Negros Occidental to ensure power demand and prevent outages amid continued rising heat indices due to the El Niño phenomenon.
POLICIES hindering the extraction of “green” minerals must be removed to facilitate the transition to renewable energy, an analyst said.
In the midst of surging power demand and concerns over energy security, the importance of a more resilient and robust energy infrastructure in maintaining reliable supply for the Philippines has taken center stage.
Residents of Bacolod City experienced brownouts this weekend after power cables, transformers, insulators and fuses of electric posts were damaged by the hot weather.
MANILA (UPDATE) – Meralco on Wednesday blamed “overloading” for the recent spike in reports of brownouts in its service area.
The Luzon Grid will be placed on yellow alert on Wednesday evening, citing over 20 plants on forced outage as several areas experience extreme heat while the country experiences the El Niño phenomenon.
PRESIDENT Ferdinand R. Marcos, Jr. on Monday dispelled fears that the Philippines was experiencing an artificial power crisis after the country’s sole grid operator again raised a yellow alert in the Luzon and Visayas grids, citing an El Niño-driven increase in demand.