Japan’s Marubeni Corp. is entering as a strategic partner in the Semirara Mining and Power Corp.-Meralco PowerGen Corp. (MGen) team-up for the 2×350-megawatt coal-fired power plant in Calaca, Batangas estimated to cost as much as $1.4 billion, a Semirara official said. In an interview with reporters, Semirara chairman and CEO Isidro Consunji said Marubeni is…
Tag: Meralco Powergen
RP Energy finalizing P30-B bank loans for Subic plant
Redondo Peninsula Energy Inc. (RP Energy) is looking to close a P30-billion loan from three local banks by December to put the construction of its 2×300 megawatt (MW) Subic coal-fired power plant in full swing, a company official said. “We’re in the thick of due diligence and loan agreement discussions with the lenders and our…
RP Energy inks contracts for Subic coal power plant
Redondo Peninsula Energy Inc. (RP Energy) has sealed construction and supply contracts with a local company and a Korean firm to build its 2×300-megawatt (MW) coal-fired power plant in Subic, Zambales. RP Energy signed a construction contract with Azul Torre Construction Inc. and a supply contract with Korean firm Doosan Heavy Industries & Construction Co….
Meralco, Osaka Gas LNG joint venture to await FS completion
TALKS between Osaka Gas Co. Ltd. of Japan and the Manila Electric Co. (Meralco) for a possible joint venture in a power project involving liquefied natural gas (LNG) would have to take a back seat pending results of their respective feasibility studies. Meralco President Oscar Reyes said the direction toward renewable energy, limited gas sources…
Coal plants face challenges with Lopez
New coal power plant projects are facing uncertainties following the appointment of Regina Lopez as the new Environment secretary, an industry executive said Thursday. President-elect Rodrigo Duterte named Lopez as the new head of the Environment Department, which is in charge of issuing environmental compliance certificates to new power projects. The coal plants are also…
Meralco considering 2 subs for RE Projects
Meralco is considering having two subsidiaries to handle its renewable energy (R.E.) projects, a top company official said. A Meralco official said that an initial 20-megawatt (MW) of solar power projects would be undertaken via newly established unit MSpectrum and that Meralco might carve out its other R.E. businesses under a new subsidiary. Read more here.
Winnergy Holdings Corp. 