Energy & Mining
Citicore, SMC Global in a 153.5MW solar farm joint venture
Citicore Renewable Energy Corp. said it formed a joint venture company with SMC Global Light and Power Corp. that will develop, construct, and operate a153.5 megaWatt solar power farm in Mariveles, Bataan.
ERC sets draft price cap on reserve power sold at WESM
The Energy Regulatory Commission (ERC) has issued a draft resolution proposing a price cap as a mitigating measure in the sale of reserve power at the Wholesale Electricity Spot Market (WESM).
ADB taps Ayala retail unit in renewable energy contract
ACEN Corp. subsidiary ACEN Renewable Energy Solutions (RES) supplies the Asian Development Bank (ADB) with electricity from 100 percent renewable sources.
Electricity charges cheaper in 1Q than in all of 2023
The first three months this year have proven cheaper for consumers than in all of 2023 in terms of electricity cost on account of the structure known as retail competition and open access program or RCOA, the Energy Regulatory Commission (ERC) said.
600-MW Meralco baseload CSP attracts bidders
The Manila Electric Co. (Meralco) said a number of power firms have submitted expressions of interest to supply the power distributor with 600 megawatts worth of baseload capacity that it needs beginning next year.
