The Palm Concepcion Power Corp. (PCPC) in Iloilo, out of commission since mid-February this year, bared the completion of repairs later than originally expected, the company said in a statement.
The Energy Regulatory Commission (ERC) projects greater acceptance of retail competition and open access agreements or RCOAs by consumers over other modes of securing electricity contracts over the next four to five years.
SN Aboitiz Power (SNAP) subsidiaries SN Aboitiz Power-Benguet and SN Aboitiz Power-Magat have agreed to set aside a fraction of their sales in the region for community projects pursued by the Regional Development Council-Cordillera Administrative Region (RDC-CAR).
Renewable energy developer Blueleaf Energy Philippines is lining up a $1.5 billion power development program that allows it to build floating solar facilities with aggregate output of 1,550 megawatts.
Energy deficient Cebu is forecast to require far more electricity than is fed the island at present and will run out of options in four years unless new power plants are built, a top official of Aboitiz Power Corp. said.