THE Energy Regulatory Commission (ERC) has set for next month the hearing for Aboitiz-led Visayan Electric Co., Inc’s (VECO) application for its capital expenditure projects for 2016 and 2017, the regulator said in an order. VECO is seeking approval for a budget totaling at least P2.334 billion, which it said would not have a direct…
Month: March 2017
New terms for Malaya plant auction being readied, Energy dep’t says
THE Power Sector Assets and Liabilities Management Corp. (PSALM) is preparing new terms for the bidding of the 650-megawatt (MW) Malaya thermal power plant, giving rise to the possibility that the facility will attract other interested bidders. “[The bidding] is deferred until further notice,” said PSALM officer-in-charge Lourdes S. Alzona in a phone interview after…
DoE bats for law to tap Malampaya fund
THE Department of Energy (DoE) has called for the immediate passage of legislation that will allow the government to tap into its accumulated share in the revenue from the offshore Malampaya natural gas project. In a briefing on Thursday, Energy Undersecretary Felix William B. Fuentebella said there is an urgent need for a law that…
AC Energy eyes opportunities in SE Asia
AC ENERGY Holdings, Inc. is transforming itself into a regional player in the energy sector, setting its sights on expanding in Indonesia and entering Vietnam. “We are beginning to look at other Southeast Asian markets. Vietnam is something we are looking at,” said AC Energy President John Eric T. Francia in a briefing on Wednesday….
Sarangani coal plant boosts Alsons’ 2016 profit
ALSONS Consolidated Resources, Inc.’s net income attributable to equity holders of the parent company climbed by 69% to P317 million in 2016, driven by operations of its power plant in Maasim, Sarangani province. In a disclosure to the stock exchange on Thursday, Alsons said consolidated revenues last year rose by 42% to P7.07 billion from…
Mindanao electric cooperatives say their views on WESM disregarded
Electric cooperatives in Mindanao are opposing the terms under the planned wholesale electricity spot market (WESM), claiming that their recommendations during the Department of Energy’s (DoE) consultations were not considered. In a news conference here Friday, the Association of Mindanao Rural Electric Cooperatives, Inc. (AMRECO) said one of their main proposals is establishing an “independent”…
No brownouts seen as sufficient power supply forecast this summer
No electricity supply shortfall is expected in the summer months, but the Philippines can’t give up coal-fired power plants as these are needed to keep the economy going, according to the Department of Energy. Energy Undersecretary Felix William Fuentebella said yesterday the Luzon grid had a generating capacity of about 10,000 megawatts while demand was…
Metro Pacific group plans to convert QC trash into energy
A consortium led by infrastructure holding firm Metro Pacific has proposed to convert the solid waste of Quezon City, one of the most populous cities in the metropolis, into 42 megawatts of renewable energy that can power up to 90,000 homes. The consortium has obtained “original proponent status” for this unsolicited proposal to develop a…
ERC urged on policy for power supply deals
The Energy Regulatory Commission (ERC) needs to form a policy in centralizing the competitive selection process (CSP) which will create a level playing field for distribution utilities (DUs) and electric cooperative (ECs) in securing power supply deals with generation companies. Philippine Electricity Market Corp. (PEMC) is currently finalizing its study on the third party auctioneer…
Aboitiz Power to electrify Walter Mart malls
Community mall pioneer Walter Mart has teamed up with Aboitiz Power Corp. to power up its new malls under the Retail Competition and Open Access (RCOA) regime. Aboitiz Power and Walter Mart have signed a 4.7-megawatt (MW) power supply deal for its mall expansion this year. This year, Walter Mart is set to open branches…
DoE considering Sulu as site for nuclear plant
THE Department of Energy (DoE) is studying the possibility of putting up a modular nuclear facility in Sulu ahead of a decision on whether the mothballed Bataan nuclear power plant will be rehabilitated or converted into a different power generation project. “We are looking at nuclear as a source of power … for island provinces,”…
DoE approves grid impact study for 13 projects
THE Department of Energy (DoE) has cleared 13 power developers to have their projects assessed for their impact on the electricity grid, the country’s power transmission backbone. If the projects move to full completion and commercial operation, they will add at least 2,000 megawatts (MW) to the country’s installed capacity. Of the projects cleared from…
Winnergy Holdings Corp. 