THE National Electrification Administration (NEA) as of end-August has lent P455.29 million to 19 electric cooperatives (ECs) for their capital expenditure (capex) projects and facility restoration works. “Data from the NEA Accounts Management and Guarantee Department as of Aug. 31, 2021 showed that the bulk or P380.293 million of these loans went to 16 ECs […]
Tag: power
Showa Denko Concludes Long-Term Contract to Supply SiC Epitaxial Wafers for ROHM Co., Ltd.
TOKYO, Sep 13, 2021 – (JCN Newswire via SEAPRWire.com) – Showa Denko K.K. (SDK; TSE:4004) has concluded a long-term supply contract with ROHM Co., Ltd. (ROHM), a Japanese semiconductor manufacturer providing highly efficient SiC power semiconductors for the global market, to supply SiC epitaxial wafers for power semiconductors (SiC epi-wafers) for plural years. ROHM decided […]
Meralco raises September rates
Manila Electric Co. (Meralco) has raised power rates this month, citing higher generation charges. In a statement on Friday, the company said the overall rate for a typical household this month would rise by P0.1055 to P9.1091 per kilowatt-hour (kWh) from August. Residential customers consuming 200 kWh will experience a P21 increase in their power bills for September. Those consuming 300 kWh, 400 kWh, and 500 […]
Mitsubishi Corporation Signs Japan’s First Long-term Corporate PPA for Online Retail Giant Amazon
TOKYO, Sep 8, 2021 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Corporation (MC) is pleased to report that it has signed a long-term Corporate Power Purchase Agreement (Corporate PPA), through which it will supply electricity to data centers owned and operated by the Amazon subsidiary Amazon Web Services, Inc. (AWS). Facilitated by MC Retail Energy […]
Pandemic delays 37 power transmission projects
THE DEPARTMENT of Energy (DoE) said the public health emergency has set back the timetables of 37 transmission projects of the National Grid Corp. of the Philippines (NGCP). Twenty-four of the projects are being implemented in Luzon, 10 in the Visayas, and three in Mindanao. “At the height of the nationwide community quarantine, NGCP was constrained […]
ERC urged to disallow automatic pass-through fuel costs in power deals
THE ENERGY Regulatory Commission (ERC) needs to remove the pass-through fuel cost provisions in power purchase agreements (PPAs) to ensure the least cost for consumers, according to a UK-funded report on the Philippines’ energy transition. “It would be prudent for the ERC to implement mandatory fixed prices for PPAs by removing the automatic (fuel) pass-through,” […]
Napocor to extend power supply agreement with Mindoro electric co-op until end of 2021
THE NATIONAL Power Corp. (Napocor) said Monday that it will extend its power supply agreement (PSA) with Occidental Mindoro Electric Cooperative, Inc. (Omeco) until the end of the year, and provide funds to the power distributor as it awaits the completion of a power procurement auction. “We will also heed their request that our leased […]
Cagayan, Palawan, Negros, Zamboanga sites on shortlist for nuclear power plants
A TOTAL of 10 sites in Cagayan, Palawan and Zamboanga provinces as well as Negros Island have been identified as potential locations for nuclear power plants, among the 15 initially shortlisted nationwide. The 10 sites, according to a document obtained by BusinessWorld, are Racat Rapuli, Sinuangan and Matara Point in Sta. Ana, Cagayan; Concepcion and […]
Massive power outage hits Visayas
A LARGE part of the Visayas was plunged into darkness at close to midnight Friday, August 20, 2021. System operator National Grid Corporation of the Philippines (NGCP) said an unscheduled power interruption is affecting parts of Cebu, Leyte-Samar and Bohol. The lights went out at 11:56 p.m. Friday. NGCP said it will issue a more […]
Energy dep’t not expecting Luzon power interruptions during 2022 election season
THE DEPARTMENT of Energy (DoE) said it does not expect power outages to disrupt the Luzon power grid during election season, citing projections that yellow alerts are unlikely during the period. “We have sufficient supply for electricity for the election week. (NGCP data) show sufficient reserves which are above the yellow alert level, meaning no […]
AboitizPower sees battery storage projects operational in 2022, 2024
ABOITIZ POWER Corp. (AboitizPower) said Monday that its battery energy storage system (BESS) projects in Davao de Oro and Isabela are due to begin commercial operations in 2022 and 2024, respectively. In a quarterly report filed with the bourse, the company said that the two BESS projects have a total storage capacity of 69 megawatts […]
First Gen profit up 11% on strong power sales
FIRST Gen Corp. recorded an 11% increase in its first-half recurring net income attributable to equity holders to P7.1 billion carried by stronger electricity sales and prices. The Lopez group’s power generation said in a stock exchange disclosure on Friday that its consolidated revenues from the sale of electricity in the first half rose 12% […]
Alsons income slips 37% on lower revenues
ALSONS Consolidated Resources, Inc. (ACR) reported a 37.1% decline in it second-quarter net income attributable to owners to P174.19 million on the back of lower revenues. The listed holding firm said in a regulatory filing on Friday that its revenues for the period fell 19.6% to P2.47 billion. Revenue from contract with customers reached P2.469 […]
Mitsubishi Power Introduces Global Network of “TOMONI HUBs” with Artificial Intelligence to Protect Power Generation and Energy Storage Assets
YOKOHAMA, Japan, Aug 3, 2021 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, is introducing a global network of TOMONI HUBs that use artificial intelligence to provide real-time, cyber-secure interactive support of plant operation and maintenance (O&M) decision making. TOMONI HUBs include connected software, hardware and services […]
Agreement Concluded for Mitsubishi Power to be Integrated into MHI
TOKYO, Jul 30, 2021 – (JCN Newswire via SEAPRWire.com) – As announced on May 10, Mitsubishi Heavy Industries, Ltd. (MHI) reached an agreement under which Mitsubishi Power, Ltd. will be integrated into MHI. An absorption-type split agreement to integrate the two companies’ business operations has now been concluded, whereby the business operations and employees of […]
Co-ops: Supply issues caused higher power prices
THE PHILIPPINE Rural Electric Cooperatives Association, Inc. (Philreca) said that electricity rates rose in June due to supply issues and not the failure of electric cooperatives (ECs) to procure power through competitive bidding. “The sudden spike in electricity prices last month is not because there is a failure for ECs to conduct CSPs (competitive selection […]
Honda Reaches 15 Million-unit Mark in Cumulative Power Products Production in China
TOKYO, Jul 14, 2021 – (JCN Newswire via SEAPRWire.com) – Honda today announced that the company has reached the 15 million-unit mark in cumulative power products production in China. Ever since it started local production of power products in China in 2002, Honda has been offering a variety of power products which support the daily […]
Mazda Installs Solar Power System at Hiroshima Plant
HIROSHIMA, Japan, Jul 13, 2021 – (JCN Newswire via SEAPRWire.com) – As part of its efforts to promote green manufacturing lines and offices in factories, Mazda Motor Corporation today initiated operation of its first solar power generation system. Solar Panels The solar power system, installed at Mazda’s Hiroshima Plant, boasts an output of 1.1 MW […]
Victorias Milling cleared by ERC to connect 40-MW biomass power plant to Visayas grid
THE ENERGY Regulatory Commission (ERC) said it has given its approval to listed sugar miller Victorias Milling Co., Inc., which had proposed to develop and own transmission facilities linking its 40-megawatt (MW) biomass-fired cogeneration power plant to the Visayas grid. In a decision posted on its website last week, the commission authorized Victorias Milling to […]
Climate advocate calls for ban coal-fired plants to extend to pending projects
THE DEPARTMENT of Energy (DoE) needs to expand its moratorium on coal-fired power plants to include more facilities, including those that have secured prior approval and those that are under construction, an environment policy expert said. In October, Energy Secretary Alfonso G. Cusi announced a halt on greenfield or new coal-fired power plants to make […]