Development of clean energy needs barriers to be removed
By the end of last year, the capacity of the power system reached about 58,000 megawatts (MWs), and the commercial electricity output in 2019 was nearly 2,500 kilowatt-hours. Especially, the capacity of power plants using clean energy is on the increase, accounting for 61 percent of the total capacity of the power system. However, many […]
Higher Meralco charges in January bill
MANILA, Philippines — Customers of Manila Electric Company (Meralco) will see an increase in their power bills as they enter the new year. Read more: https://newsinfo.inquirer.net/1381144/higher-meralco-charges-in-january-bill#ixzz6knzm5kHN Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
DOE crafts policy on retirement of power plants
The Department of Energy (DOE) will be sorting out a policy to mark off power generation plants that shall already be retired in the country, so provision of electricity to consumers could be improved.
Philippines DOE plans tender for geothermal and hydropower projects by April 2021
The Philippines’ Department of Energy (DoE) has announced it targets the award of the contacts for geothermal and hydropower projects under the third round of its open competitive selection and bidding process, or OCSP3, by April 14, 2021.
Gas transmission pipelines not considered ‘public utility’
The Philippine Competition Commission (PCC) has indicated that ‘gas transmission pipelines’ shall not be considered as “public utility’, hence, these investments will not be needing franchise from Congress.
JBIC signs deal to finance coal-fired power project in Vietnam
The Japan Bank for International Cooperation has signed a loan agreement with Vung Ang 2 Thermal Power Limited Liability Company (VAPCO) for the construction of a coal-fired power plant in Vietnam. The project financing amounting to US$636 million is being provided under JBIC’s Growth Investment Facility.
Rise in energy demand boon for utility sector
TMB Bank PLC backs Southeast Asian solar power producer Constant Energy with up to US$50 million loan facility
TMB Bank Public Company Limited is further expanding its financing activities in the commercial and industrial (C&I) solar sector by providing Thailand-based Constant Energy Group with a 1.5 billion THB (approx. US$50 million) long term green project finance loan package. The funding will be deployed to further expand Constant Energy’s sizeable portfolio of solar energy […]
