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Udenna commits to extract P30-B Malampaya gas – Manila Bulletin

Uy-led Udenna Corporation has committed to fulfill its contractual obligation under Malampaya’s Service Contract 38 (SC38) to extract the P30 billion to P35-billion worth of ‘banked gas’ for state-run Philippine National Oil Company (PNOC)

According to Udenna President Raymundo Martin M. Escalon ....

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AG&P to supply LNG to Ilijan plant starting next year

The liquefied natural gas (LNG) import facility of Atlantic, Gulf and Pacific Company Inc. (AG&P) will supply the fuel needs for electricity generation of the 1,200-megawatt Ilijan gas-fired power facility starting next year, according to the Department of Energy’s (DOE) Oil Industry Management ....

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Meralco rates up by P0.1055/kWh this September billing

Meralco rates up by P0.1055/kWh this September billing
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.

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SMC unit trims payables to PSALM to P21.87 B

Published July 19, 2021, 2:10 PM
The receivables of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) from a subsidiary-company of San Miguel Corporation for the capacity payments of the 1,200-megawatt Ilijan gas-fired power plant had been pared to P21.871 billion, as stipulated in the company’s 2020 audited financial statement recently issued by the Commission of Audit.
That scale of receivables of the government-run firm from South Premiere Power Corporation (SPPC), a subsidiary of SMC Global Power Holdings Corp., had been pared from P27.308 billion in 2019.
Because of the reduced receivables of PSALM from SPPC, it was shown that the overall collections the state-run firm has been pursuing from Independent Power Producers (IPPs) as well as with the IPP Administrators (IPPAs) had already been down to P25.720 billion as of end-December 2020; or roughly P7.0 billion lower from P32.504 billion in the previous year. ....

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Malampaya gas restriction de-rates Ilijan plant's power generation – Manila Bulletin

Malampaya gas restriction de-rates Ilijan plant's power generation – Manila Bulletin
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.

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