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The comparatively expensive replacement power capacities secured from a power plant of the Aboitiz group and hefty purchases from the Wholesale Electricity Spot Market (WESM) had partly driven up the overall electricity rate of Manila Electric Company (Meralco), as rates went up by P0.6232 per kilow
Investegate announcements from IOG PLC, Operational update
IOG, the Net Zero UK gas and infrastructure operator focused on high return projects, has provided an update on current production, plans for a second Blythe production well ('H2') and progress at Southwark.
The ball has been tossed into the court of power utility giant Manila Electric Company (Meralco) to secure gas fuel allocation for the offer of San Miguel Corporation to have its 1,200-megawatt Ilijan gas-fired power facility utilized to augment power supply, primarily for the Luzon grid. Acco
Igneo Infrastructure Partners has ruled off a bolt-on acquisition in New Zealand, buying regional electricity distributor Eastland Network to add to its gas distribution business First Gas.