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Power utility giant Manila Electric Company (Meralco) will seek the approval of the Department of Energy (DOE) for the terms of reference (TOR) for the bidding of its planned additional 480-megawatt supply procurement. Meralco will conduct competitive selection process (CSP) for the new power su
Power utility giant Manila Electric Co. is targeting to procure 180 megawatts of baseload supply and 300 MW of peaking requirements to beef up its electricity supply during next year’s dry months.
In its official website, the Energy Regulatory Commission describes itself as a world-class and independent electric power industry regulator that equitably promotes and protects the interests of consumers and other stakeholders, to enable the delivery of long-term benefits that contribute to sustained economic growth and an improved quality of life.
Luzon may face several yellow and red alerts next year should the Ilijan gas-fired power plant not be able to deliver in time for summer period, according to the Department of Energy.
Diversified conglomerate San Miguel Corporation reported that its subsidiary SMC Global Power Holdings Corp. is planning to buy back $400 million worth of its US Dollar-denominated senior perpetual capital Securities through a tender offer. In a disclosure to the Philippine Stock Exchange, SMC sai