Energy & Mining
Pagbilao power assets turnover sealed; Quezon City property up for bidding
The Power Sector Assets and Liabilities Management Corp. (PSALM) and AboitizPower’s Therma Luzon Inc. formalized transfer of the 735-MW Pagbilao power plant and 1.06M sq.m. land in Quezon Province via Aug.25 signing. Land price: ₱2.95B. Ensures steady plant operation and supply amid rising demand, supporting energy security and privatization goals.
$1-B Laguna Lake solar project seen as region’s largest
Thailand’s Gunkul Engineering has partnered with local developer SunAsia Energy for a $1-billion floating solar project at Laguna Lake, set to deliver 1,000 MW capacity as Southeast Asia’s biggest of its kind.
Remote households to gain reliable power from upcoming microgrid bidding
The Department of Energy (DOE) is moving forward with plans to bring electricity to more than 100,000 currently unenergized households across the Philippines, through an upcoming competitive bidding process for microgrid services.
Wholesale power rates rise 11.8% in August; Visayas and Mindanao see sharp, costly spikes
Average electricity prices across the Philippines in the Wholesale Electricity Spot Market (WESM) climbed 11.8 percent in August, driven by steep cost surges in Visayas and Mindanao even as Luzon rates fell, data from the Independent Electricity Market Operator of the Philippines (IEMOP) showed Wednesday.
Shell Energy PH secures additional 120 MWp solar power deal in Leyte
Shell Energy Philippines Inc. (SEPH) has entered a second 15-year power supply agreement with Greenlight Renewables Holdings Inc. via its unit San Isidro Solar Power Corp., securing an additional 120 megawatts peak (MWp) from the second phase of the San Isidro solar power project in Leyte. Announced Tuesday, the new deal follows an earlier 15-year agreement for the project’s first phase, bringing the total solar capacity SEPH will source from Greenlight Renewables to 240 MWp.
