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Solar Philippines challenges Citicore Power’s supply offer to Meralco

2017-08-17 philstar
MANILA, Philippines - Solar Philippines has challenged the offer of Citicore Power Inc. to supply up to 85-megawatt (MW) of power to Manila Electric Co. (Meralco).

Aboitiz takes jeepney in a new direction

A newly formed startup is betting big that more Filipinos will shift to electric vehicles in the coming decade.

New uses in pipeline for Sucat power plant

2017-08-11 philstar
MANILA, Philippines - State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is looking to transform the site of the dismantled 850-megawatt (MW) Sucat thermal power plant (STPP) in Muntinlupa City into an energy-related project, a transportation hub or an economic zone.

On the mend, PLDT reports core earnings at P17.4B in H1

Telco giant PLDT Inc. saw further signs of recovery in the first half of 2017 as it maintained the growth of its fixed-line internet business segments, but concerns remained on the decline of traditional mobile services.

MPIC first-half core profit up 17% to P7.8B

Infrastructure holding firm Metro Pacific Investments Corp. (MPIC) grew its first semester core profit by 17 percent year-on-year to P7.8 billion on the back of an expanded power portfolio alongside higher earnings from its tollroad and hospital businesses.

Metro Pacific core income rises to P7.8 B

2017-08-04 philstar
MANILA, Philippines - Metro Pacific Investments Corp. (MPIC) reported a 17 percent increase in its core net income in the first half to P7.8 billion as it expanded its presence in the power sector.

Metro Pacific aims for P13.3B core profit

Metro Pacific chair Manuel V. Pangilinan and chief finance officer David Nicol in a press briefing on Aug. 4, 2017

Meralco earnings down 3% in H1

2017-08-03 philstar
MANILA, Philippines - Power distribution giant Manila Electric Co. (Meralco) posted lower earnings in the first half amid lower non-electric contributions from subsidiaries, pushing management to defer issuing its profit guidance this year.

Energy think tank sees lower electricity cost sans Meralco “sweetheart” power deals

A Hong Kong-based think tank sees an opportunity for millions of customers of Manila Electric Company (Meralco) to enjoy lower electricity cost, if controversial power supply agreements (PSAs) between Meralco and favored generation companies are stopped.

Inflation likely slowed in July

2017-07-31 philstar
MANILA, Philippines - Inflation likely eased in July due to stable food prices and lower electricity rates, the Department of Finance (DOF) said yesterday.

DOF sees July inflation at 2.7%

Inflation likely eased to 2.7 percent in July on the back of steady food prices as well as power rates, the Department of Finance said Monday.

Meralco seeks price challengers for Citicore power supply offer

2017-07-30 philstar
MANILA, Philippines - Power distributor giant Manila Electric Co. (Meralco), in compliance with the competitive selection process (CSP) policy, is seeking price challengers for long-term power supply offered by Citicore Power Inc. from its solar power plants.

Price hikes expected to have picked up in July

2017-07-30 bworldonline
Power distributor Manila Electric Co. announced a P0.0761-per-kilowatt-hour increase in basic rate following June’s P1.43/kWh record cut. July’s P0.0799/kWh hike in generation charge was partly offset by a refund for 2014-2016 over-collections. Ildemarc C. Bautista, vice-president and head of research at Metropolitan Bank & Trust Co., said inflation likely steadied in July as movements in food costs kept overall prices relatively balanced.

DOE puts spotlight on reliable power supply

2017-07-27 philstar
MANILA, Philippines - Securing reliable power supply and access to electricity for every household has been the core focus of Energy Secretary Alfonso Cusi and his team in the first year of the Duterte administration.

NREB forms panel to act on feed-in tariff issue for solar

2017-07-25 philstar
MANILA, Philippines - The National Renewable Energy Board (NREB) has formed a committee to resolve issues concerning the feed-in tariff (FIT) scheme for solar, its top official said.

More MRT commuters linking to free Wi-Fi

2017-07-24 philstar
MANILA, Philippines - With 230,000 commuters now benefiting from free Wi-Fi in 13 Metro Rail Transit Line 3 stations, President Duterte’s promise on improved internet access for Filipinos has now become a reality.

Economists cut inflation forecasts

2017-07-24 philstar
MANILA, Philippines - Economists of private banks lowered their inflation forecasts for this year and next year amid the lingering uncertainty over the global economic growth and lower oil prices, according to a survey conducted by the Bangko Sentral ng Pilipinas (BSP). 

QEV Philippines seeks government assistance in e-jeepney plan

2017-07-22 philstar
MANILA, Philippines - Local start-up QEV Philippines Electromobility Solutions and Consulting Group Inc. (QEV Philippines) is seeking government assistance to convert 10,000 jeepneys to electric-jeepneys, estimated to cost P6 billion, starting 2018.

Meralco, AboitizPower may bid for Masinloc power plant

2017-07-21 philstar
MANILA, Philippines - Manila Electric Co. (Meralco) and the Aboitiz Group have expressed interest in the sale of the 630-megawatt (MW) Masinloc power plant in Zambales as American energy giant AES Corp. mulls its exit in the Philippines.

Talks resume for P10-B Manila-Laguna rail project

2017-07-19 philstar
MANILA, Philippines -  MRAIL Inc., a subsidiary of Manila Electric Co., has resumed talks with the Philippine National Railways (PNR) for the proposed P10 billion freight train project from Manila to Laguna.

Sanlakas files graft cases vs 5 ERC execs

Officials of the Energy Regulatory Commission (ERC) are now facing charges of graft, indirect bribery and technical malversation before the Office of the Ombudsman for allegedly receiving money from a regulated company to fund their junkets abroad.

P6B unspent by Aquino is Duterte’s bonanza

President Rodrigo Duterte’s office has received P6.4 billion in discretionary funds that were not spent by his predecessor after the money was tied up in the bureaucratic maze in previous administrations, the Commission on Audit (COA) said on Wednesday.

Duterte gets P6.4-B discretionary fund from underspending Aquino

MANILA — President Rodrigo Duterte’s office can now spend unused discretionary funds consisting of P1.41 billion in donations from a scion of the Lopez family and P5 billion in gaming proceeds that have only recently been remitted to its purse.

Cebu rotating brownout to continue—Visayas power distributor

A worker from the Visayan Electric Company (Veco) checks up on power lines at the height of a brownout in Mandaue City. TONEE DESPOJO/CEBU DAILY NEWS FILE PHOTO

Government awards idle Sucat power plant

2017-07-08 philstar
MANILA, Philippines - State-run Power Sector Assets and Liabilities Management Corp. (PSALM) has formally awarded the decommissioned 850-megawatt (MW) Sucat thermal power plant (STPP) in Muntinlupa City to the highest bidder.

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