Tugboat and marine service provider Harbor Star Shipping Services Inc. has diversified into the energy business with the acquisition of a controlling stake in a group of companies with interests in power generation and distribution in Mindanao. Harbor Star obtained its board’s approval to buy—through wholly owned subsidiary Harbor Star Energy Corp. (HSEC)—60 percent of…
Month: October 2017
BMI: Renewables see increasing gov’t support, investor interest
POWER CAPACITY provided by renewable energy is expected to hit 5.4 gigawatts (GW) in 2026, making the Philippines one of the “outperformers” in the region, BMI Research said. “Increasing investor interest in the [Philippine] renewables sector, supportive government policy and renewed efforts to channel investment into grid infrastructure underpin our constructive growth forecasts for non-hydropower…
Commissioner says TransCo bid for grid link beyond ERC’s scope
NATIONAL Transmission Corp.’s (TransCo) proposal to supervise the Visayas-Mindanao interconnection project is beyond the scope of the Energy Regulatory Commission (ERC) and should be discussed by the state-led agency with the power system operator, an ERC commissioner said. “[On the supervision over the project], maybe that’s something that they have to take up with NGCP…
ERC expects decision this year on 3 out of 7 Meralco PSAs
The Energy Regulatory Commission (ERC) is hopeful to come out with a decision on three out of seven power supply agreements (PSAs) of Manila Electric Co. (Meralco) by year-end. In a forum yesterday, ERC commissioner Josefina Magpale-Asirit said the power regulator is looking to issue a decision on three Meralco PSAs with Redondo Peninsula Energy…
Senate to review market share limitations among power gencos
The Senate committee on energy wants to review the market share limitation under the Electric Power Industry Reform Act of 2001 (EPIRA) to reflect the true state and foster competition in the power generation industry, Sen. Sherwin Gatchalian said. During the executive seminar on fostering dynamic competition in the Philippine power industry, Gatchalian said the…
Meralco eyes additional solar power supply
After closing three solar power supply deals, Manila Electric Co. (Meralco) is looking to add 50 to 100 megawatts (MW) of solar capacity to meet the renewable energy requirements of its franchise area. Meralco president Oscar Reyes said the company has received at least 10 offers to supply solar energy to the power distributor. “We’ll…
Winnergy Holdings Corp. 