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Richmond Mercurio
Richmond Mercurio
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SPNEC expands land assets
by Richmond Mercurio - August 3, 2023 - 12:00am
SP New Energy Corp. and its subsidiaries continue to grow its assets, having secured over 4,000 hectares of land to date to support its expansion.
Petron income down by 20 percent in H1
by Richmond Mercurio - August 3, 2023 - 12:00am
Earnings of oil giant Petron Corp. were cut by a fifth in the first half as revenues declined due to sustained oil price correction during the review period.
Meralco eyes nuclear power
by Richmond Mercurio - August 3, 2023 - 12:00am
The Manila Electric Co. is pursuing its interest in the potential development of nuclear energy in the country, with plans of setting up a pilot plant in partnership with a US-based nuclear power company.
Meralco eyes new EPSA with SPPC
by Richmond Mercurio - August 2, 2023 - 12:00am
The Manila Electric Co. is looking to secure a new emergency power supply deal with San Miguel’s South Premiere Power Corp. for 330 megawatts of capacity.
MGen unit expects to get approval for natural gas project within the year
by Richmond Mercurio - August 2, 2023 - 12:00am
Atimonan One Energy Inc., a subsidiary of Meralco PowerGen Corp., expects to secure within the year approval for the proposed conversion of its coal project in Quezon province into a gas-fired power plant.
Meralco eyes Singapore power plant project
by Richmond Mercurio - August 2, 2023 - 12:00am
Manila Electric Co.-affiliate PacificLight Power Pte. Ltd. plans to expand its portfolio in Singapore by participating in a tender offer to build a new power plant in that country.
Meralco sees record profits in 2023 after strong H1
by Richmond Mercurio - August 1, 2023 - 12:00am
The Manila Electric Co. expects to cap off 2023 with record earnings and sales, with the company encouraged primarily by its strong first half results.
Meralco assists typhoon-hit Ilocos Norte
by Richmond Mercurio - August 1, 2023 - 12:00am
Manila Electric Co., the largest power distribution firm in the country, has extended support to communities and families affected by Super Typhoon Egay in Ilocos Norte.
Gas, diesel, kerosene prices go up
by Richmond Mercurio - August 1, 2023 - 12:00am
Pump price increases continue today, with diesel and kerosene rising by more than P3 per liter and gasoline by over P2 per liter.
$50 million investment in Philippine RE sector seen
by Richmond Mercurio - July 31, 2023 - 12:00am
The development of the country’s renewable energy market is set to get a further boost with a proposed $50-million investment from a Philippine-based private equity investor and a Malaysian government-backed...
Congressional support sought to achieve 100 percent household electrification
by Richmond Mercurio - July 29, 2023 - 12:00am
Congressional support will play a key role in achieving the country’s full household electrification target by 2028 or even earlier, according to the Department of Energy.
NGCP addresses SIS challenges
by Richmond Mercurio - July 29, 2023 - 12:00am
The National Grid Corp. of the Philippines said various measures are being implemented to address challenges posed by the long queue of system impact studies (SIS) brought about by the increasing demand for power...
Hefty oil price hike seen next week
by Richmond Mercurio - July 29, 2023 - 12:00am
Hefty increases in pump prices await motorists next week, with diesel and kerosene prices expected to rise for a fourth consecutive week and gasoline for a third straight week.
17 electric coops register better performance in 2022
by Richmond Mercurio - July 28, 2023 - 12:00am
A total of 17 electric cooperatives have shown improvement in their overall performance last year, while seven ECs retrogressed, according to the National Electrification Administration.
Filinvest investing P500 million for solar plant
by Richmond Mercurio - July 28, 2023 - 12:00am
The Filinvest Group of the Gotianun family is investing at least P500 million to develop an 11.5-megawatt peak solar power project to provide locators in PHIVIDEC Industrial Estate in Misamis Oriental with renewable...
60-day timeline for SIS approval pushed
by Richmond Mercurio - July 28, 2023 - 12:00am
Delays in the approval for system impact studies of renewable energy projects are targeted to be resolved with the potential imposition of a 60-day timeline.
AboitizPower posts higher income in H1
by Richmond Mercurio - July 28, 2023 - 12:00am
Fresh contributions from strategic investments fueled the earnings of Aboitiz Power Corp., surging by 79 percent to P17.8 billion in the first semester.
ERC sets procurement guidelines
by Richmond Mercurio - July 27, 2023 - 12:00am
The Energy Regulatory Commission has established a set of parameters to ensure a reasonable and transparent procurement of equipment and services by regulated utilities.
Egay downs Luzon power lines
by Richmond Mercurio - July 27, 2023 - 12:00am
Super Typhoon Egay affected a number of transmission lines and power plants in Luzon.
DOE to ensure on time completion of grid connections
by Richmond Mercurio - July 26, 2023 - 12:00am
The Department of Energy has committed to work on the challenges identified by President Marcos in the power sector during his recent State of the Nation Address, primary of which is ensuring that grid connections...
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