Energy & Mining
First Gen using residual LNG supply to power Batangas power plants
First Gen defers LNG shipment originally scheduled to arrive this month.
First Gen Corp. said the delivery of liquefied natural gas (LNG) from its most...
ACEN unit secures $150 million, 5-year syndicated green term loan, credit facility
ACEN Corp., the renewable energy arm of the Ayala Group, said one of its subsidiaries, ACEN Renewables International Pte. Ltd., has secured a five-year syndicated green term loan and revolving credit facility totaling USD150 million.
Bidders offer Meralco three times more baseload power than it needs under CSP
The Manila Electric Co. (Meralco) has attracted eight power generation companies interested in supplying the distributor 600 megawatts worth of baseload power it needs by next year.
June WESM rates down 25 percent
The price of electricity sold at the Wholesale Electricity Spot Market (WESM) fell in June, according to the Independent Electricity Market Operator of the Philippines (IEMOP).
Meralco’s 400-MW mid-merit CSP attracts six
Six generation companies are interested in supplying the Manila Electric Co. (Meralco) 400 megawatts of mid-merit power that the distributor requires by next year. This was three times more than it plans to acquire.
