None of the large power generation companies have breached the government-set limits on the capacity and market share of each one to ensure against dominance by any of the existing players, the Energy Regulatory Board (ERC) reported on Wednesday.
Manila Electric Co., the country’s largest power distributor, is looking to expand the area it serves and eventually boost earnings by forming joint ventures with electric cooperatives operating near its franchise area.
Renewable energy developer Alternergy Holdings Corp. has awarded China Energy Engineering Group Guangdong Electric Power Design Institute Co. Ltd. (GEDI) and its local subsidiary, GEDI Construction Development Corp., the contract to build wind farms in the province of Quezon and Rizal.
Listed firm Nickel Asia Corp. (NAC) said its energy generation arm, Emerging Power Inc., is on track to generate more than 500 MW of electricity by next year.