THE Energy Regulatory Commission (ERC) will look into the process used by the Department of Energy (DoE) in arriving at the list of solar projects that it certified as eligible to receive a guaranteed rate of P8.69 for each kilowatt-hour it feeds into the national electricity grid. “It’s an issue that needs to be resolved…
Month: June 2016
SN Aboitiz planning for up to 500 MW in additional capacity within 7 years
SN ABOITIZ Power Group, which controls the projects jointly undertaken by Aboitiz Power Corp. and its Norwegian partner, plans to increase its capacity to around 1,100 megawatts (MW) within seven years, Joseph S. Yu, executive vice-president of SN Aboitiz, said. He placed the company’s current installed capacity at around 600 MW, adding that the new capacity will…
Iloilo coal-fired plant online by July
Palm Concepcion Power Corp., which has two 135-megawatt coal-fired power units in Iloilo, is set to start supplying customers in the Visayas by July. The company started synchronizing its first unit to the Visayas Grid two weeks ago through the National Grid Corporation of the Philippines (NGCP-Western Visayas), according to its President and Chief Executive Roel…
Indonesia issues moratorium on coal exports to RP
Indonesia’s foreign minister said on Friday a halt on coal shipments to the Philippines will remain until Manila can secure its waters after seven Indonesian sailors were kidnapped, the latest in a string of abductions. It was unclear whether the sailors were taken by Abu Sayyaf, which has beheaded two Canadian nationals in recent weeks after…
IslaSol questions DOE selection process for 2nd-round FIT
ERC Chairman Jose Vicente B. Salazar said the commission received a letter from Negros Island Solar Power Inc. (IslaSol) (a joint venture between Bronzeoak, the Macquarie-managed Philippine Investment Alliance for Infrastructure (PINAI) Fund, and Dutch pension-fund manager APG) whose power project failed to make it to the second round of feed-in tariff (FiT) scheme, formally expressing IslaSol’s…
Oil extends slide on worries about impact of Brexit
SINGAPORE, Singapore—Oil prices suffered fresh losses in Asian trade Monday as the fallout from last week’s decision by Britain to leave the European Union batters confidence and ushers in a period of uncertainty. Global markets took a beating Friday, with some $2.1 trillion wiped off valuations and the British pound plunging to 31-year lows against…
Meralco energy sales to grow 6-7% in 2016
Power distributor Manila Electric Co. (Meralco) is projected to register between six and seven percent growth in energy sales growth this year, reflecting a similar trend from last year, its top official said. Meralco chairman Manuel V. Pangilinan said in an interview energy sales is seen to be at a “high single digit” growth, almost…
Solar power to grow sixfold by 2030 as sun becomes cheapest resource
Solar plants using photovoltaic technology could account for 8 percent to 13 percent of global electricity produced in 2030, compared with 1.2 percent at the end of last year, an expansion as much as sixfold by 2030 as the cost of production falls below competing natural gas and coal-fired plants, according to the International Renewable Energy…
Napocor delivers diesel genset to Palawan municipality
THE National Power Corp. (Napocor) has delivered a 160-kilowatt (kW) generating set to a town in Palawan, which it said could provide 24 hours of electricity and boost the local economy and tourism. The additional supply from a diesel power facility is an upgrade from the 12-hour electricity previously serving around 700 households and commercial…
Ifugao province plant power generation component to cost $420M
SN POWER Philippines, Inc. has estimated the cost of the power generation component of a hydroelectric power complex it is developing in Alimit, Ifugao province with the Aboitiz group at $420 million, a company official said. The hydro project is 390-MW complex composed of three facilities — the 120-MW Alimit hydropower plant; the 250-MW Alimit pump-storage…
More Meralco customers get net metering
More electricity customers are shifting to the net metering program and the trend is expected to continue as the cost of solar panels keep going down, a ranking Manila Electric Co. (Meralco) official said. Meralco started with one customer under the net metering program in 2013. By end-2015, the power distributor has over 200. And…
PSALM to remain as major power supplier
The remaining power assets owned by the government, which are major suppliers in Mindanao, will remain dedicated to meet the electricity demands of customers in the region until they are privatized as required by law, the Power Sector Assets and Liabilities Management Corp. (PSALM) said. Majority of power customers in Mindanao composed of electric cooperatives…
Winnergy Holdings Corp. 