Lenie Lectura

Globe Telecom, Inc. has deactivated and blacklisted last year more than 55,000 SIMs (subscriber identity module) that are involved in scam and spam messages.

Property developer JEG Development Corp. (JDC) and Vivant COREnergy Inc. (COREnergy) on Thursday announced their partnership for a solar power project.

AF Payments Inc., provider of contactless electronic payment system beep cards, introduced on Thursday a service that will allow passengers to purchase bus tickets ahead of their preferred travel date.

The commercial operation of the Wholesale Electricity Spot Market (WESM) in Mindanao finally happened on Thursday, more than five years after it was launched.

ACEN Corp., the listed energy platform of the Ayala Group, said it has allotted P16 billion for the expansion of its solar power project in Zambales.

Budget carrier Cebu Pacific said it could pivot back to profitability in the first quarter as it expects to restore 100 percent pre-pandemic capacity by March.

Nine years after the net metering scheme was implemented, the Energy Regulatory Commission (ERC) said it recorded 7,583 qualified end-users that signed up for the program at the end of 2022.

The Philodrill Corp.’s interest in Service Contract (SC) 14C1 in the Galoc oil field has increased to 10 percent, the company told the stock exchange Tueaday.

Nido Petroleum Philippines Pty. Ltd., operator of Service Contract (SC) 6B in the Palawan basin, may spend up to $32 million to develop three to four wells.

The former executive vice president and chief financial officer of International Container Terminal Services Inc. (ICTSI) has joined the board of directors of Razon-led Prime Infra.

Amid volatile oil prices, Pilipinas Shell Petroleum Corp. (PSPC) said it plans to add more service stations and import terminals.

The Department of Energy (DOE) on Thursday signed a Tripartite Memorandum of Agreement (MOA) with Pilipinas Shell Petroleum Corp. (PSPC) and Shell Energy Philippines Inc. (SEPH) to help achieve the target 10-percent penetration rate of electric vehicles (EVs) for road transport by 2040.

ACEN Australia, the platform representing ACEN Corp.’s renewable energy (RE) assets in Australia, received a big boost from the New South Wales (NSW) government for its 800megawatt (MW) Phoenix pump-hydro project.

Korea Electric Power Corp. (KEPCO) said Monday it is selling its coal power assets in the Philippines as it moves to restructure its overseas business.

The Energy Regulatory Commission (ERC) on Wednesday said it will fast-track its review of all pending petitions of the National Power Corp. (NPC) for its availment from the Universal Charge for Missionary Electrification (UCME) and all other similar applications involving the UCME.

ACEN Corp. and the BIM Group, through their respective subsidiaries, received financial support amounting to $107 million from various lenders.

Aboitiz Power Corp. (AboitizPower), through its subsidiary AP Renewables Inc. (APRI), broke ground for its new 17 megawatt (MW) binary geothermal power plant in Tiwi, Albay.

The Manila Electric Co. (Meralco) and Aboitiz Power Corp. may extend their emergency power supply agreement (EPSA) that will expire next week.

Nickel Asia Corp. (NAC) is pouring nearly P3 billion into its renewable energy (RE) subsidiary, Emerging Power Inc. (EPI).

Petron Corp. said Monday it has received $37.48 million in tender offer of $50-million senior perpetual capital securities listed in Singapore.

Wilcon Depot has tapped Converge ICT Solutions Inc. for a dedicated and secured internet service.

Power industry stakeholders are discussing a so-called “gas-swapping” arrangement that will result in gas allocation for the 1,200megawatt (MW) Ilijan power plant that has been on shutdown since June last year.

ACEN Corp. has acquired shares from Sungrow Power Renewables Corp. (SPRC) worth P114 million that will result in owning a company that is developing a 60-megawatt (MW) solar power plant in Pangasinan.

ACEN Australia Pty. Ltd. announced it has awarded the Engineering, Procurement and Construction (EPC) contract for the construction of the 520megawatt (MW) Stubbo Solar project to PCL Construction Ltd.

THE Manila Electric Co. (Meralco) and Solar Philippine Batangas Baseload Corp. (SPBBC) are now cleared to negotiate for their 200-megawatt (MW) power supply agreement (PSA).

THE number of registered prepaid Subscriber Identity Module (SIM) cards has reached 16 million, the Department of Information and Communications Technology (DICT) said Tuesday.

PET bottles manufacturer McBride Corp., has tapped the Energy Development Corp. (EDC) to supply power to its two facilities in Caloocan.

ACEN Corp. has secured a 277-million Australian dollar funding from major international banks to bankroll the renewable projects of its subsidiary, ACEN Australia Pty Ltd. (ACEN Australia).

RFM Corp. reported last Thursday a net income of P1.06 billion last year, slightly down from the previous year’s P1.3 billion.

THE power arm of Vivant Corp. is acquiring a solar power firm that has plans to put up a 22megawatt peak (MWp) solar power project in San Ildefonso, Bulacan.

LOPEZ-led Energy Development Corp. (EDC) has lined up six wind power projects that have been cleared by the Department of Energy (DOE) for the conduct of system impact studies (SIS).

Aboitiz Power Corp. (Aboitiz Power), through its clean energy subsidiary Aboitiz Renewables Inc. (ARI), has secured a P20-billion loan from the Land Bank of the Philippines (Landbank) to help attain its goal of growing its renewable energy (RE) portfolio to a total of 9,200 megawatts (MW).

Petron Corp. is planning to repurchase $50 million of its $500-million outstanding senior perpetual capital securities.

The Securities and Exchange Commission (SEC) has approved the merger between AXA Philippines—a joint venture between the Metrobank Group, GT Capital, and the Paris-based AXA Group—and its former general insurance subsidiary Charter Ping An Insurance Corp.

Megaworld Corp.’s real estate investment trust (REIT), MREIT Inc., said it is ready to implement a three-year strategy meant to increase shareholder value.

Robinsons Land Corp. (RLC) and DMCI Homes Inc. announced Tuesday the completion of the structural work for their joint venture (JV) project in Las Piñas City.

Prime Energy Resources Development B.V. (Prime Energy), a subsidiary of Razon-led Prime Infrastructure Capital Inc. (Prime Infra), has created an advisory council to ensure gas supply from the Malampaya gas field.

SP New Energy Corp. (SPNEC), a subsidiary of Solar Philippines, is working on the conversion of over 3,000 hectares into industrial use.

The National Grid Corporation of the Philippines (NGCP) is asking regulators to recover P177.27 million which it spent for the repair, restoration and rehabilitation of transmission assets and facilities damaged by Typhoon Odette in Visayas and Mindanao in December 2021.

The Department of Energy (DOE) has finally declared the start of the commercial operations of the wholesale electricity spot market (WESM) in Mindanao more than 5 years after it was launched.

A unit of San Miguel Global Power (SMGP) will supply electricity to debt-ridden Albay Electric Cooperative (ALECO), the power generation arm of San Miguel Corp. (SMC) said.

The Energy Regulatory Commission (ERC) will start evaluating next month the application of the National Grid Corporation of the Philippines (NGCP) for a transmission rate reset.

Energy Development Corp. (EDC) will start supplying power to Negros Oriental’s leading medical institution, Silliman University Medical Center Foundation, Inc. (SUMCFI), making it the first hospital in the island to be directly powered by geothermal energy.

The Manila Electric Co. (Meralco) inked an emergency power supply agreement (EPSA) with GNPower Dinginin Ltd. of the Aboitiz Group for the supply of 300-MW baseload capacity starting December 15 until January 25, 2023.

PNOC Exploration Corp. (PNOC EC) is soliciting bid offers to pursue a joint exploration program in offshore Palawan, west of Balabac Island.

Energy Development Corp. (EDC) is piloting the use of electric vehicles (EV) fueled by steam energy from the charging station that it built at its Tongonan Geothermal Power Plant in Kananga, Leyte.

The Manila Electric Co. (Meralco) expects electricity sales to grow by “close to 6 percent” this year compared to last year, buoyed by the strong recovery of various economic sectors.

DMCI Power Corp. (DPC) officials said state firm National Power Corp. (NPC) has yet to pay the company P1.3 billion worth of fuel that was used by power plants under the Small Power Utilities Group (SPUG) in off-grid areas.

Synergy Grid and Development Philippines Inc. (SGP), the indirect controlling shareholder of the National Grid Corporation of the Philippines (NGCP), has declared a quarterly cash dividend of P0.26 per share totaling P1,369,125,160.

The Manila Electric Co. (Meralco) has started sourcing from the Wholesale Electricity Spot Market (WESM) the supply withheld by SMC Global Power Holdings Corp. (SMCGP) which was the subject of the recent 60-day Temporary Restraining Order (TRO) issued by the Court of Appeals (CA).

DMCI Power Corp. (DPC) will venture into solar power next year, a move that will boost its energy portfolio to around 150megawatts (MW).

SMC Global Power Holdings Corp. (SMCGP), the power generation arm of conglomerate San Miguel Corp. (SMC), said it would cease to supply power to the Manila Electric Co. (Meralco) effective Wednesday.

Consunji-led Semirara Mining and Power Corp. (SMPC) is allocating P5.6 billion for next year’s capital expenditure (capex) program.

AP Renewables Inc. (APRI), a subsidiary of Aboitiz Power Corp., has tapped Ormat Technologies Inc. and Desco Inc. as engineering, procurement, and construction (EPC) contractors for its 17-megawatt (MW) binary geothermal power plant Tiwi, Albay.

Semirara Mining & Power Corp. (SMPC) Chairman Isidro Consunji said the country’s power situation next year is going to be “more challenging than before” because of tight supply amid an improvement in the country’s economy.

San Miguel Global Power (SMGP) is offering the full 1,200 megawatts (MW) capacity of its Ilijan natural gas plant to supply the power requirements of the Manila Electric Co. (Meralco) for just a fraction of its capital cost.

PAVI Green Renewable Energy Inc. (PAVI Green) will complete the development of its 20megawatt (MW) solar power project in Bataan by early next year and possibly two more by the end of 2023.

Energy Development Corp. (EDC) and MORE Electric and Power Corp. asked the Energy Regulatory Commission (ERC) to approve their 5-year power supply agreement (PSA).

ACEN Corp. said Thursday it expects to complete the acquisition of Sinocalan Solar Power Corp. (SPPC) in the next few weeks.

Spectrum, a wholly-owned subsidiary of Manila Electric Co. (Meralco), has been tapped to install a two-megawatt peak (MWp) solar photovoltaic (PV) system at Anglo Watsons Glass Inc.’s manufacturing plant in Laguna.

The National Electrification Administration (NEA) announced on Wednesday the appointments of key officials of Isabela Electric Cooperative (ISELCO).

Therma Marine Inc., a subsidiary of Aboitiz Power Corp. (AboitizPower), announced on Wednesday the start of the commercial operations of its first battery energy storage system (BESS).

Phoenix Petroleum Philippines Inc. has reached an agreement with Absolut Distillers, Inc. (ADI) on the payment of its debts.

The Energy Regulatory Commission (ERC) has released an order suspending the collection of the Feed-in-Tariff Allowance (FIT-All) from December until February next year.