Energy
DOE mandates electric cooperatives to buy power also from natgas-fed companies
The Department of Energy (DOE) has ordered the National Electrification Administration (NEA) to begin the bid process for the various electric cooperatives to buy power from indigenous natural gas suppliers as transition fuel.
Meralco renewable energy arm takes control of listed SPNEC for P15.9B
The renewable energy arm of Manila Electric Co., better known as Meralco, said Thursday it is taking control of listed SP New Energy Corp. for an investment of P15.9 billion.
“NGCP needs all the help it can get to pursue the BMIP”
The National Grid Corporation of the Philippines (NGCP) has appealed for both national and local government support in the execution of its mandate to...
Alternergy reclassifies shares to widen capital sources for RE projects
Alternergy Holdings Corp.'s stockholders approved the reclassification of the company's perpetual preferred shares in a bid to raise non-voting equity capital and expand capital...
Higher generation charge push Meralco rates up in October
The Manila Electric Company (Meralco) announced Wednesday an upward adjustment of P0.4201 per kWh in the October electricity rate, bringing the overall rate for a typical household to P11.8198 per kWh this month from P11.3997 per kWh in September.
