GN Power Dinginin Ltd. Co. (GNPD) has made the first drawdown of nearly P5 billion from its credit line to finance the construction of its 2×668-megawatt (MW) coal-fired power plant in Bataan. Ayala Corp. disclosed yesterday GNPD has made an initial drawdown under its financing documents to construct the first unit of its supercritical coal-fired…
Tag: Generation
ERC, PCC team up in probe of anti-competitive gencos
The Energy Regulatory Commission (ERC) and the Philippine Competition Commission (PCC) have teamed up to investigate alleged anti-competitive practices of generation companies (gencos) in light of the recent power shortage in Luzon. ERC chairman and CEO Jose Vicente B. Salazar said both agencies would formalize the partnership soon to define specific roles in the investigation….
Filinvest power plant adds 405 MW to Mindanao grid
To boost power supply in the Mindanao grid, Gotianun-led FDC Utilities Inc. will start providing the full capacity of its 3×135-megawatt (MW) coal-fired power plant in Misamis Oriental within this month. FDC Utilities said its subsidiary FDC Misamis Power Corp. has completed all the three units of its Mindanao power project. Of the three units,…
First Gen says Santa Rita plant repairs finished by October
First Gen Corp. said a damaged unit of its natural gas-fired Santa Rita plant will resume operations by October following repairs. The main transformer of Unit 20, which has a nominal capacity of 250MW compared to the facility’s 1,000MW capacity, will be replaced after an inspection found it had damaged components, the power generator told…
Forecast for power demand raised to 30,189 MW
THE DEPARTMENT of Energy (DoE) expects the country’s demand for electricity in 2030 to reach 30,189 megawatts (MW), or nearly 70% more than the current dependable capacity being supplied by the country’s existing power plants. “From here on until 2030, we will be needing something like 30,000 megawatts,” Energy Secretary Alfonso G. Cusi told reporters…
DOE, PSME sign pact to conduct audit of power facilities
The Department of Energy (DOE) and the Philippine Society of Mechanical Engineers (PSME) signed a memorandum of agreement (MOA) to boost the DOE’s technical audit of the country’s generation, transmission, and distribution facilities. The MOA was signed August 25 at the Energy department’s Central Office in Taguig City, the DOE said in a statement Saturday….
Aboitiz keen on plant auctions
THE ABOITIZ power group is keen on participating in auctions for the remaining power generation assets that the government is planning to privatize within the next three years, its top official said on Wednesday. This comes as the Power Sector Assets and Liabilities Corp. (PSALM) announced that it was targeting to privatize next year the…
Government pushes solar power in buildings
The National Economic and Development Authority (NEDA) is in discussions with the Department of Energy (DOE) on the possibility of making it attractive for building owners in business districts to use solar power. Socioeconomic Planning Secretary Ernesto Pernia said increased use of solar power in business centers would help reduce the country’s power requirements. “Solar…
Government drawing up new energy mix
The government will not touch most of the coal-fired power projects in the pipeline as it plans to determine the appropriate energy mix policy, a ranking government official said yesterday. The government recognizes the need to consult with power industry players over a clear fuel mix policy and the country’s need for a reliable power…
Gotianun firm readies start of Mindanao’s biggest power plant
Mindanao’s largest power plant, built by FDC Utilities Inc. (FDCUI) of the Gotianun family, is ready to supply the much-needed capacity to boost investments in the region. FDCUI subsidiary FDC Misamis Power Corp. announced it synchronized the first unit of its 405-megawatt (MW) flagship coal-fired project in Misamis Oriental. The power plant is expected to…
Thai firm hikes stake in Masinloc power plant
Thai power firm Electricity Generating Public Co. Ltd. (EGCO) has deepened its hold on Masinloc Power Partners Co. Ltd. (MPPCL), the operator of the 630-megawatt (MW) coal-fired power plant in Zambales. EGCO said in a statement it expanded its investment in the Philippines with the successful acquisition of an additional 8.05 percent stake in the…
PetroSolar gets ERC OK for FIT eligibility
PetroSolar Corp. has clinched regulatory approval for a guaranteed payment for its 50-megawatt (MW) solar power plant, adding to a list of assured revenue streams for the company. The company said it was granted the certificate of compliance as a feed-in-tariff (COC-FIT) eligible power plant by the Energy Regulatory Commission (ERC) for its 50-MW solar…
Winnergy Holdings Corp. 