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TRP Energy is exploring a possible sale of its oil and gas operations in the Permian basin that could fetch more than $1.5 billion, the latest company to do so at a time of high demand for acreage in the heart of U.S. shale country, people familiar with the matter said. ....
BusinessWorld May 7, 2021 | 7:29 pm PHILIPPINE STAR/MICHAEL VARCAS POWER rates in the Manila Electric Co. (Meralco) service area are expected to rise in May with the typical household expected to pay an additional P37 on its monthly bill, the first to not include the refunds for over-recoveries in transmission and other charges, Meralco said. Meralco said in a statement Friday that the overall power rate for May is P8.5920 per kilowatt-hour (kWh), against P8.4067 per kWh in April. The May rate is also lower than the year-earlier level of P8.7468 per kWh. The typical household is defined as one that consumes 200 kWh. ....
Green energy group hopeful Meralco will exit Atimonan coal project enablePagination: false endIndex: Metro Manila (CNN Philippines, April 30) The Power for People Coalition (P4P) is optimistic the proposed coal-fired power plant of the Manila Electric Company in Atimonan, Quezon will not push through. This, as an energy consortium pulled out from financing the 660-megawatt Subic coal project which is under Redondo Peninsula Energy Inc. (RP Energy). It is a joint venture between Meralco’s generation arm Meralco PowerGen, Aboitiz Power Corporation, and Taiwan Cogeneration Corp. We hope the shelving of the Subic project means Meralco is finally starting to see sense and would soon have more coal cancellations to announce, Gerry Arances, convenor of P4P, said in a statement. ....
Green energy group hopeful Meralco will exit Atimonan coal project cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
Aboitiz, MERALCO ditching coal for Subic joint venture on April 29, 2021 at 5:20 pm Aboitiz Power Corporation and MERALCO PowerGen Corporation (MGen) said that they are dropping coal from their power project under Redondo Peninsula Energy, Inc. (RP Energy) in Subic, Zambales. Instead, RP Energy AboitizPower’s joint venture with MGen and Taiwan Cogeneration International Corporation is looking into building a liquefied natural gas (LNG) power plant within the area of its supposed 600-megawatt facility. MGen is the power generation arm of the Manila Electric Company (MERALCO) AboitizPower President and CEO Emmanuel Rubio said early stage feasibility studies for gas have already begun on at least two locations. ....