Energy
Unofficial estimates project power consumption rising more than 6% this year
Power consumption across the Philippines is seen rising 6.6 percent this year and requires the production of between 600 to 700 megawatts of new electricity, according to estimates by Aboitiz Power Corp.
Meralco seeking 660-megawatt CSP contracts preparatory to dry month power surge
The Manila Electric Company (Meralco) has started the Competitive Selection Process (CSP) for 660 megawatts of interim supply in preparation for the expected increase in demand during the dry months.
Commercial operation of power reserves market seen in four weeks
The Independent Electricity Market Operator of the Philippines (IEMOP) on Wednesday projected the coming online or the full commercial operation of the power reserves market before the end of the month.
Restoration of Panay Island power supply underway
The National Grid Corporation of the Philippines (NGCP) appealed for better energy resource planning following a power outage traced to multiple power plant failures that isolated Panay island from the rest of the Visayas grid on Tuesday.
ACEN affiliate completes acquisition of Indonesian wind projects
ACEN Corp. affiliate ACEN Investments HK Ltd. and its Indonesian partner have acquired UPC Renewables Asia Pacific Holdings which is even now pursuing wind-driven power projects in Indonesia.
