SMC in talks to sell stake in Limay plant

DIVERSIFIED San Miguel Corp. (SMC) is discussing with cooperatives the possible sale of a portion of its stake in its clean coal-fired power plant in Limay, Bataan. The country’s most diversified conglomerate has offered as much as 49% of the power plant’s ownership to cooperatives and other customers, its President and Chief Operating Officer Ramon…

NGCP raises yellow alert on thin reserves for Luzon grid

The National Grid Corp. of the Philippines (NGCP) on Monday issued a yellow alert for the Luzon Grid from 10:00 a.m. to 5:00 p.m. on 13 June 2016, citing thin reserves on the heels of outages in several power plants.  According to the Manila Electric Co. (Meralco), the alert was issued due to the outage…