Energy & Mining
Synergy says NGCP won arbitration vs PSALM, TRANSCO
Synergy Grid & Development Philippines Inc. announced on Monday that the Singapore International Arbitration Centre's arbitral court has ruled in favor of its subsidiary, National Grid Corp. of the Philippines (NGCP), in its claims against state-owned Power Sector Assets & Liabilities Management Corp. (PSALM) and National Transmission Corp. (TRANSCO).
SMGP pursuing P52.7B power expansion project
San Miguel Global Power (SMGP), a key player in the energy sector, is moving forward with plans to add up to 3,320 megawatts (MW) of power capacity by 2028, with an estimated investment of at least P52.7 billion.
ERC-approved FIT-all rate increase makes for more expensive electricity next month
The Energy Regulatory Commission (ERC) has approved an upward adjustment in the feed-in-tariff allowance (FIT-All) rate, effective March 2025. This, the ERC said, ensures the sustainability of renewable energy (RE) incentives, with the new rate increasing by P0.0351 per kilowatt hour (kWh) for consumers in on-grid areas.
Over 4,500 MW power projects seek grid connection
A number of power generation and energy storage system (ESS) projects totaling 4,531.82 megawatts (MW) and 40 megawatt hours (MWh) in storage have applied for grid connection with the National Grid Corporation of the Philippines (NGCP) in January, according to the Department of Energy (DOE).
Aboitiz Power to decommission Naga power plants in Cebu
Aboitiz Power Corp. said it will decommission at the end of March its 44.640 megaWatt Naga oil-fired power plant and its 0.440 MW Black Start diesel engine generating unit in Naga City, Cebu.
