Therma South, Inc. (TSI), a subsidiary of Aboitiz Power Corporation, has signed a two-megawatt Emergency Power Supply Agreement (EPSA) with Misamis Occidental I Electric Cooperative, Inc. (MOELCI-I) to help ensure stable electricity supply in Oroquieta City and seven municipalities in the province.
Manila Electric Co. (Meralco) said its pending rate reset application before the Energy Regulatory Commission (ERC) will move forward after regulators denied a bid by consumer advocacy group National Association of Electricity Consumers for Reforms Inc. (NASECORE) to stall the proceedings.
Listed fuel distributor and retailer Top Line Business Development Corp. (TOP) is ramping up its expansion in the Visayas with plans to develop a major fuel logistics and storage hub in Cebu, a move seen to strengthen its supply chain and position the company for long-term growth in the regional energy market.
V-GREEN, a global electric vehicle (EV) charging developer, is ramping up its presence in the Philippines with new partnerships aimed at fast-tracking large-scale EV charging and battery-swapping networks.
The Visayas power grid was placed under yellow alert on Monday, marking the sixth alert for the region this month due to ongoing power plant outages and reduced electricity supply.