Energy & Mining
Meralco unit wins contract to build Singapore’s 100-MW LNG-fed ancillary plant
Meralco Power Gen Corp. (MGen) affiliate firm Pacific Light Power Pte Ltd (PLP) on Wednesday announced winning the contract to build power generating units providing Singapore’s Energy Market Authority with 100 megawatts of fast start generation facility by the second quarter next year.
Luzon, Visayas grids report narrow power margins
Forty-four power plants on either forced outage or de-rated capacity compelled authorities on Tuesday to place both the Luzon and Visayas grids under yellow alert as early as 8 a.m. when 2,082.2 megawatts of power were unavailable.
Meralco power rates up in May on thin supply
The Manila Electric Co. on Tuesday announced an increase of P0.4621 per kiloWatt-hour in the May electricity rate as generation charge rose on account of higher prices in spot electricity market and from power suppliers.
Retail fuel at the pumps cut some more this week
Retail fuel at the pumps are rolling back another time this week beginning Tuesday at past midnight.
PXP Energy pursues share swap worth P1.56B
PXP Energy Corp. has agreed to swap 430,243,903 of its common shares in exchange for 24,125,383 Tidemark Holdings Ltd. shares in Forum Energy Limited.
