Energy World set to open LNG plant

Energy World Corp. committed to commission the first 200-megawatt unit of the 650-MW liquefied natural gas combined cycle power plant in Pagbilao, Quezon by the end of the year. Energy Department director Irma Exconde of the Electric Power Industry Management Bureau said EWC was supposed to commission the first unit within six months. Read more here.

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…

WESM rate to decrees in rainy season

Barring unforeseen plant outages, the electricity spot market rate is expected to sustain its downtrend on cooler temperature and higher available supply from various power plants, market operator Philippine Electricity Market Corp. (PEMC) said.  Read more here.

SMC allots US$4.2B for 5 power plants

San Miguel Corp. (SMC) is earmarking about $4.2 billion to put up five power plants in Luzon and Mindanao, with a total capacity of 2,100 megawatts (MW).  Read more here.