JORDEENE SHEEX LAGARE

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AYALA-LED Manila Water Co. Inc. said net income in the first three months grew 17 percent from a year earlier to P1.69 billion on the back of an 8 percent increase in revenues to P4.7 billion. In a disclosure, the company attributed the strong performance to its Manila concession and…

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THE National Power Corp. (Napocor) on Thursday announced that a round-the-clock power supply is now available to Cuaming Island, a fishing village in Bohol. Currently, Napocor services 500 households on the island through its Cuaming Diesel Power Plant with a total dependable capacity of 233 kilowatts (kW). “Fishing remains to…

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LISTED Oriental Petroleum and Minerals Corp. is considering building a liquefied natural gas (LNG) plant in the Philippines, a senior company official said. “It’s one area [being looked at]… the group of Gokongwei, they have a petrochemical plant in Batangas,” Oriental Petroleum Senior Vice President — Operations and Admin Operations…

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LOPEZ-LED First NatGas Power Corp. has clinched a six-year contract to provide power supply to Manila Electric Co. (Meralco). First Gen Corp. told the stock exchange on Monday that its subsidiary First NatGas had entered into a power supply agreement (PSA) with Meralco for the sale and purchase of about 414 megawatts (MW)…

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The P275-million rehabilitation of San Roque dam on the Agno River in Pangasinan has been completed three months ahead of schedule, state-controlled National Power Corp. (Napocor) said on Friday. Napocor said they managed to rehabilitate the 200-meter-tall, 1.2-kilometer long embankment dam in the last quarter of 2017. Napocor commenced the…

YEAR ENDER

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2018 wasn’t trouble-free for the Philippine power sector, which — after a relatively run of the mill legal dispute over planned reforms — saw controversies right up to the end of the year. Access barred To begin with, there was a Supreme Court order temporarily halting enforcement of the retail…

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AboitizPower Corp. announced on Tuesday that unit AP Renewables, Inc. (APRI) had recently obtained an international certification for its management system. TÜV Rheinland Philippines, an affiliate of TÜV Rheinland, awarded an Integrated Management System (IMS) certification with zero non-conformance to the geothermal firm. The certification includes the 2015 versions of…

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The National Electrification Administration (NEA) secured a P48.1-million loan from the Department of Budget and Management (DBM) to fix power facilities in Batanes province that were damaged by Typhoon Ferdie (international codename: Meranti) in September 2016. In a statement on Friday, NEA said Budget Secretary Benjamin Diokno released the loan…

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AYALA-LED Manila Water Co. Inc. has secured a project to develop water supply and sanitation services in the province of Leyte. In a disclosure to the Philippine Stock Exchange (PSE), Manila Water said the Leyte Metropolitan Water District (LMWD) awarded on Wednesday “the implementation of the joint venture project for…

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Oil companies jacked up the prices of diesel, gasoline, and kerosene on Tuesday, the third hike for three straight weeks. Flying V hiked the price of diesel by 55 centavos per liter, gasoline by 90 centavos per liter, and kerosene by 75 centavos per liter at 12 a.m. In separate…

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