ERC approves NGCP’s P6.86-B Mindanao transmission backbone

POWER system operator National Grid Corp. of the Philippines (NGCP) will be building a new transmission backbone to carry added power capacity in Mindanao at a cost of P6.86 billion, details of the decision released by the Energy Regulatory Commission (ERC) show. “A perusal of the evidence presented herein showed that NGCP’s application for the…

First Gen restores quake-hit Batangas facility

First Gen Corp said Wednesday it restored one of two facilities that connect its natural gas plants to the national grid, less than two weeks after the Batangas earthquake. Unit 60 of the San Lorenzo Switchyard was “resynchronized to the grid and has resumed operations” while Unit 50 will be restored “in the coming days,”…

TransCo queries NGCP over alleged telecoms facilities

NATIONAL Transmission Corp. (TransCo) has asked privately-owned system operator National Grid Corp. of the Philippines (NGCP) about the presence of alleged telecommunication facilities in the government’s power transmission assets, its top official said. “I wrote a letter to NGCP asking them to explain why is it there are communication facilities which are installed in the…

Senator wants Agus-Pulangui hydro complexes state-owned, professionally run

THE Senate energy committee prefers keeping the Agus-Pulangi hydroelectric power facilities in Mindanao in government hands, but with professional management from the private sector installed. “If ever, the Senate will keep Agus-Pulangi in the portfolio of government gencos (power generation companies),” said Sherwin T. Gatchalian, chairman of the Senate committee on energy in a recent…

DoE: Nuclear power to play role in achieving dev’t goals

NUCLEAR ENERGY will play a “pivotal” role in augmenting the country’s power supply and will help in accomplishing the administration’s long-term vision of lifting most Filipinos into the middle class by 2040, an Energy department official said on Monday. “The Philippines has always viewed nuclear energy as a long-term option for power generation that will…

DOE denies Luzon grid on yellow power alert until June

The Department of Energy DOE on Monday refuted a media report that the Luzon island has been placed on the second highest alert until June due to insufficient power reserves. A newspaper citing the National Grid Corporation of the Philippines NGCP had reported that a yellow alert was raised in Luzon after several power plants…

ERC sets hearing for Visayan Electric capex application

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…

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”…