The Manila Electric Co. (Meralco) said power rates in Metro Manila could go up should regulators allow ACEN Corp. to apply so-called change in circumstance (CIC) claims on its power supply agreements (PSAs) with the distribution utility.
Prime Energy Resources Development B.V. has contracted One Subsea of the Schlumberger group for the supply of control equipment and subsea production systems to execute the fourth phase of drilling at the Malampaya gas platform by the end of the year.
Manila Electric Co., the largest power distributor in the country, said Tuesday Limay Power Inc. offered the lower rate for the interim supply of 400 megaWatts through a competitive selection process.
First Gen Corp., the listed power generation arm of the Lopez Group, said Monday the government has formally handed over to its unit, Fresh River Lakes Corp., the 165-megaWatt Casecnan hydroelectric plant.
The Department of Energy (DOE) is prepared to provide so-called hyperscale locators with the electricity they require if they present a unified plan as...