Thin electricity reserves caused by technical problems at the Lopez-owned San Gabriel power plant in Batangas forced authorities to declare a “Yellow Alert” for the Luzon grid Wednesday morning, the Department of Energy said. The near-shortage was only eased early in the afternoon after the government-owned Malaya power plant — kept as backup power supply in the…
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‘Critical’ days for power supply expected in mid-February during shutdown of Malampaya
THE THIRD WEEK of February is viewed as a critical period for power supply in Luzon, based on simulations from the Department of Energy (DoE), natural gas supply from Malampaya will still be unavailable while several power plants go on maintenance shutdown. “What is critical for me is Feb. 13 to 17,” Undersecretary Felix William…
Cusi outlines Philippines LNG roadmap in Japan forum
Energy Secretary Alfonso Cusi has outlined the country’s liquefied natural gas (LNG) roadmap to Japanese investors to encourage investments in the sector. Cusi, who is currently in Japan to attend the LNG Producer-Consumer Conference 2016, encouraged the international community to tighten partnerships in further developing and promoting the LNG industry, especially in the Philippines. “As…
First Gen clean energy plants can lower consumer electricity bills–group
Two new plants in Batangas generate clean energy that can lower the bills of Manila Electric Company Meralco subscribers and in turn help grow the manufacturing industry, an electronics group said Friday. Two facilities in Santa Rita, a 414-megawatt MW San Gabriel combined-cycle plant and a 97-MW Avion open cycle natural gas-fired plant, were inaugurated…
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.
First Gen sees 2 gas plants contributing $30 million to 2016 revenues
THE two new gas-fired power plant of First Gen Corp. are expected to contribute up to $30 million (about P1.38 billion at P46:$1) in the Lopez-led firm’s net earnings this year. Read more here.
First Gen profit to boost on 2 new plants
Lopez-led First Gen Corp. expects a positive boost this year coming from the start of operations of its two new natural gas-fired power plants in Batangas, the 97MW Avion and the 414MW San Gabriel plants, company officials said yesterday. Read more here.
Winnergy Holdings Corp. 