Published April 2, 2021, 5:00 PM
Lopez-led Energy Development Corporation (EDC) has handed over P4.16 million electrification fund to Negros Oriental I Electric Cooperative (NORECO I), a power utility servicing the host community of the power generation firm.
The company said the fund remittance is part of the province’s financial benefit under the Energy Regulations (ER) 1-94, being the host local government unit (LGU) of EDC’s 222.5-megawatt Southern Negros geothermal facility – that includes its Green Core Geothermal Inc. subsidiary in Valencia, Negros Oriental.
The allocation of such financial benefit to the community, according to EDC, is in line with the prescriptions of Republic Act 9136 or the Electric Power Industry Reform Act (EPIRA), Republic Act 7638 or the Department of Energy Act; and DOE Circular No. 2018-08-0021.
Gov t taps private sector to electrify 69 remote areas in Palawan, Negros Occidental
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March 17, 2021 | 8:16 pm Font Size
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THE ENERGY Regulatory Commission (ERC) has asked the energy industry to comment on the draft policies on distribution wheeling rates and the regulatory reset process for the years 2022 to 2026.
In a statement Wednesday, ERC Chair and Chief Executive Officer Agnes VST Devanadera said the documents are the second draft of the proposed rules for setting distribution wheeling rates (RDWR) as well as the issues paper on the regulatory reset for the July 2022 to June 2026 for the first entry group of privately-owned distribution utilities.
The two policy drafts are available on the ERC’s website, according to the commission.
March 8, 2021 | 12:07 am Font Size
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FOUR Filipino companies and a Chinese construction firm have expressed interest in 650-megawatt Malaya thermal power plant through a negotiated sale, the state agency tasked to sell the asset said about a month after reducing its floor price prompted by several failed bids.
Over the weekend, the Power Sector Assets and Liabilities Management Corp. (PSALM) said it had received letters of interest (LoI) from companies that wanted to take part in the negotiated sale of the plant and its underlying land in Pilila, Rizal.
State-led PSALM identified the companies as Sta. Clara International Corp., VBB Trucking Trading and Consultancy Services, Inc., Fort Pilar Energy, Inc., AC Energy Philippines, Inc., and foreign firm China Gezhouba Group Co., Ltd.
The nation owes a great debt of gratitude to the Osmena family for being there, every step of the way, from the conception of our nationhood to its full realization.
Thus Senate President Vicente C. Sotto III eulogized former Senator John Henry ‘Sonny’’ R. Osmena who died last month at the age of 86. Osmena’s urn was placed on a flower-bedecked table at Senate session hall this morning. Senate Minority Leader Franklin M. Drilon and former Senator Nikki Coseteng also delivered their eulogies.
Former Senate President Manuel ‘’Manny’’ Villar was present during the rites.
A copy of Senate resolution expressing its sorrow and condolence over the demise of Senator Osmena was presented to the Osmena family, led by the late senator’s son, John John.
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