ABERON VOLTAIRE PALAÑA, TMT

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The country’s two main water concessionaires have laid down their resiliency and investment plans to beef up long-term water in light of emerging security problems, climate change and the Duterte administration’s new water source projects. Maynilad Water Services, Inc. is earmarking more investments for water infrastructure like reservoirs, pumping stations,…

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The National Power Corporation (Napocor) on Monday clarified that it has only issued “land use permit” to the Angat Hydropower Corp. (AHC) for its implementation of the Angat Dam and Dyke Strengthening Project. It was the Department of Environment and Natural Resources (DENR) which issued the “tree-cutting permit” that authorized…

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ALCANTARA-LED power company Alsons Consolidated Resources, Inc. (ACR) said that Global Business Power Corp. (GBP), a leading power producer in the Visayas and an associate of Metro Pacific Investments Corporation (MPIC), is acquiring 50 percent of its unit Alsons Thermal Energy Corp. (ATEC). ACR said in a disclosure to the…

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The Inter-Agency Task Force on Securing Energy Facilities (IATSEF) has added three agencies to bolster government’s effort to rehabilitate war-torn Marawi’s energy facilities. The IATSEF has expanded its membership to include the Department of Finance, Philippine Electricity Market Corporation, and Philippine Information Agency. Original members of the group led by…

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AFTER three weeks of price hikes, oil companies will implement a hefty price rollback on Tuesday. Petron, Pilipinas Shell, Phoenix Petroleum, Seaoil, PTT Philippines, Eastern Petroleum, Total and Flying V announced that they will cut the prices of diesel and gasoline by 90 centavos per liter and 55 centavos per…

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The National Grid Corporation of the Philippines (NGCP) has successfully energized the transmission line providing power to Mindanao State University (MSU) in Marawi City, in spite of the ongoing conflict in the city. The NGCP said the transmission facility tripped last 23 May when the security crisis in Marawi City…

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State-run Power Sector Assets and Liabilities Management Corp. (Psalm) has the success of bidding for the decommissioned 850-megawatt (MW) Sucat Thermal Power Plant in Muntinlupa City. Riverbend Consolidated Mining Corp. submitted the highest offer for the sale of the structures, plant equipment, auxiliaries and accessories of the decommissioned plant on…

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LISTED energy company SPC Power Corp. reported on Thursday that its consolidated income in 2016 rose 18.4 percent to P1.78 billion from P1.51 billion in the previous year, or the equivalent of P1.16 earnings per share. It said the solid earnings came about due to the strong performance of its…

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