Alsons Power keen on IPO

The power unit of Alsons Consolidated Resources Inc. is contemplating on listing its stocks on the local bourse as soon as all its new power plants start running, a company official said. It is a likely scenario that Alsons Power Group would hold an initial public offering (IPO) in the medium term, Alsons corporate planning…

EDC encourages government to aid geothermal development

Lopez-led Energy Development Corp. (EDC) is encouraging government to support the development of more geothermal projects—a clean and steady-priced power supply source—as it says the country cannot just rely on coal-fired power plants. A staunch supporter of clean energy adoption, EDC said geothermal is not only a clean and renewable energy source but its cost…

NGCP wants plants to be in sync on redundant systems

THE National Grid Corporation of the Philippines (NGCP) has called on generation companies to synchronize their systems to that of the grid operator to avoid the repeat of the power interruption on Nov. 15 that left parts of Metro Manila without electricity for at least an hour. “NGCP is urging power plants and distribution utilities…

FPI endorses DoE policy focusing on baseload stability

THE Federation of Philippine Industries (FPI) has backed the Department of Energy’s (DoE) move to do away with a policy that sets a cap or a quota on the kind of technology to be used in building a power plant. “[DoE] Secretary [Alfonso G.] Cusi’s pronouncements are consistent with FPI’s stand on certain issues, especially…

Energy department calls for foreign funding of global warming measures

THE Department of Energy (DoE) has asked the Climate Change Commission (CCC) for a plan to access international funding to help the country adapt to global warming, Energy Secretary Alfonso G. Cusi said. “The Philippines has done a lot. So we are asking the developed countries, those who have money, to help us adapt,” Mr….

Electricity spot market regulations being tailored for Mindanao conditions — MinDA

Guidelines for an electricity spot market in Mindanao are now being drafted, with implementation targeted by June 2017, according to an official of the Mindanao Development Authority (MinDA). Romeo M. Montenegro, deputy executive director of MinDA, which is a member of the Mindanao Power Monitoring Committee, said the rules for the Philippine’s Wholesale Electricity Spot…

DOE holds PEMC audit

The Department of Energy (DOE) is conducting an overall independent audit on the Philippine Electricity Market Corp. (PEMC), operator of the electricity spot market, to ensure competitive power prices and safeguard consumers. The DOE has issued an order to create an independent committee to review and audit the financial, operational and systems records of PEMC….

Sugar millers urged to invest more in power co-generation

The Sugar Regulatory Administration (SRA) is urging players in the industry to invest more in power co-generation and production of bioethanol from sugarcane amid volatile sugar prices in the world market. SRA policy and planning manager Rosemarie Gumera said the agency is strengthening its product diversification by encouraging stakeholders to invest more in the manufacture…

PNOC mulls options for sale of banked gas

State-run Philippine National Oil Co. (PNOC) is exploring several options for the government’s unused Malampaya natural gas, more commonly known as banked gas, its top official said. PNOC president Reuben Lista said the government’s share of banked gas will still be sold but the state-run firm is looking at other options to use the fuel….

Mindanao needs additional energy projects

Mindanao needs power investments in three years time as demand will quickly take up the perceived oversupply in the region, according to an official of a major industry player. Investment appetite is expected to surge in the region given the ample amount of electricity available, Alsons Power group executive vice president and COO Tirso Santillan…

Meralco-REDC partnership starts P2.7-B hydro project

The team-up of Manila Electric Co. (Meralco) and Repower Energy Development Corp. (REDC) have started works on the P2.7-billion hydropower project in Bukidnon. The partners recently held a ground breaking ceremony for the 10.6-megawatt (MW) run-of-river hydropower project in the Pulanai River. Pure Meridian Hydropower Corp. (PMHC), the joint venture company, will oversee and operate…

DENR warned on waste-to-energy tech

ENVIRONMENTAL organizations said the government should block further approvals of waste-to-energy (wte) projects, which they said will lead to a deterioration in air quality. EcoWaste Coalition’s Ochie Tolentino said the technology will undermine the country’s effort to curb environmental degradation and pursue a low-carbon development path. The group, part of the Stop waste-to-energy (wte) Alliance,…