Page 7 - Luzon Grid News Today

THE Development Bank of the Philippines (DBP) extended a total of P2.1-billion loan to two hydro-energy projects that seek to boost both the Luzon and Visayas grids. The state-owned bank said in a statement last Thursday that loans provided to Matuno River Development Corp. (MRDC) and Taft Hydroenergy Corp. (THEC)…

MANILA - State-owned Development Bank of the Philippines (DBP) has provided PHP2.1-billion in funding support for two hydro-energy projects that aim to augment power supply for the Luzon and Visayas grids, a top official said. In a statement Thursday, DBP president and chief executive officer Emmanuel Herbosa said the loans to Matuno River Development Corporation (MRDC) and Taft Hydroenergy Corporation (THEC), both majority-owned by Magis Energy Holdings Corporation (MEHC), were extended under t...

A DAY after the Department of Energy (DOE) said that it does not expect yellow alerts in Luzon this year, the National Grid Corporation of the Philippines (NGCP) said Tuesday that operating margins were forecast to be thin from April to June this year. This means that yellow alerts could…

SMC Global Power Holdings Corp. has retained its highest Issue Credit Rating of PRS Aaa, with a Stable Outlook, from Philippine Rating Services Corporation for its outstanding bond issuances amounting to P73.85 billion. Obligations rated PRS Aaa are of the highest quality with minimal credit risk.

Some 700megawatts (MW) of additional capacity will be added to the Luzon grid after the Energy Regulatory Commission (ERC) released Monday a Certificate of Compliance (COC) to GNPower Dinginin Ltd. Co. (GNPD). “With the issuance of a COC to GNPD, it can now commercially operate and inject power to the…

Electricity rates this month could go up due to higher generation charge, the Manila Electric Co. (Meralco) said over the weekend. Power firms that supply Meralco’s requirement have yet to send their final billings to the utility firm. Nonetheless, initial indications showed there could be an increase in generation charge…

Aboitiz Power Corporation’s three run-of-river hydroelectric power plants in Bakun, Benguet have resumed operations following successful negotiations between subsidiary Hedcor and the Bakun Indigenous Tribes..

Solar Philippines building 500MW solar farm on old ranch in Nueva Ecija on June 28, 2021 at 12:03 pm Solar Philippines has announced that it will begin construction works on its 500-megawatt (MW) solar farm in a former ranch in Peñaranda, Nueva Ecija in the coming months. The project is Southeast Asia’s largest solar power project to-date. Through wholly-owned subsidiary Solar Philippines Nueva Ecija Corporation, the company is gearing up to build the project’s first 225MW project, which ...

Electricity consumers in Luzon may expect higher bills as a result of the thin power supply in Luzon, which caused yellow and red alerts to be raised for three straight days early this week, the Department of Energy said Saturday.

Marine operator Svitzer will provide towage and other vessel support services for First Gen’s Interim Offshore Liquefied Natural Gas (LNG) Terminal in the