President Ferdinand Marcos Jr. has signed into law a measure extending the franchise of Manila Electric Co. (Meralco), the country’s largest power distributor by sales and footprint, for another 25 years through 2050, Malacañan announced Tuesday.
Business tycoon Manuel V. Pangilinan and Bicol Rep. Joey Salceda on Monday said President Ferdinand Marcos Jr. decision to renew the franchise of Manila Electric Co. (Meralco) will drive the country’s future growth, spur investments and create more jobs.
The Department of Energy (DOE) is urging Manila Electric Co. (Meralco) to strictly comply with all provisions of its power supply agreements (PSAs), particularly the 1,200-megawatt deal with Excellent Energy Resources Inc. (EERI), amid delays in the latter’s plant commissioning and fuel supply readiness.
SP New Energy Corp., the renewable energy subsidiary of MGen Renewable Energy Inc., has named Anthony Vergel Velasco as its new chief audit executive, strengthening its governance framework as it scales up its clean energy portfolio.
The Manila Electric Co. (Meralco) has revised its power sales forecast this year to only 4.6 percent, signaling a weaker performance versus the previous year. The revised projection comes following an exceptional spike in demand due to the effects of El Niño in 2024, which is unlikely to repeat this year.
The Court of Appeals (CA) has directed Energy Regulatory Commission (ERC) Chairperson Monalisa Dimalanta to inhibit from participating in the proceedings for the resolution of the rate application of National Grid Corporation of the Philippines (NGCP).
A historic moment in Philippine mountaineering was celebrated anew as two pioneering Filipina climbers reunited with teammates and supporters to mark the launch of Live the Dream 2, a book chronicling their record-setting ascent and traverse of Mount Everest in 2007.
The Department of Agriculture (DA) and the Department of Tourism (DOT) are joining forces to promote food and farm tourism—an effort designed to draw more foreign visitors, boost domestic travel, and advance President Ferdinand Marcos Jr.’s agenda of revitalizing rural economies and generating countryside jobs.