NGCP places Visayas grid on red alert; Luzon and Mindanao grids at yellow
THE National Grid Corporation of the Philippines (NGCP) placed the Visayas grid on red alert on Friday afternoon and issued yellow alert for Luzon and Mindanao grids.
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THE National Grid Corporation of the Philippines (NGCP) placed the Visayas grid on red alert on Friday afternoon and issued yellow alert for Luzon and Mindanao grids.
THE Department of Energy (DOE) said Thursday the issuance of yellow alerts, and possibly red alerts, will continue until next month as the heat index remains extremely high in most areas of the country, resulting in an increase in demand for electricity.
ACEN Corp. is expecting 1.6 gigawatts (GW), or 1,600 megawatts (MW), of new renewable energy (RE) projects to deliver close to fullyear output this year.
THE National Grid Corporation of the Philippines (NGCP) placed the Luzon and Visayas grids on red alert and the Mindanao grid on yellow alert last Wednesday.
Taisei Corp. of Japan is acquiring a 25-percent stake in Rizal Green Energy Corp. (RGEC), a subsidiary of Yuchengco-led PetroGreen Energy Corp. (PGEC).
Manuel Pangilinan-led PXP Energy Corp. narrowed its net loss to P2.6 million in the first quarter due to higher volume of crude oil sold from its operations in the Galoc oil field.
The Manila Electric Co. (Meralco) and the Department of Energy (DOE) are urging more companies to sign up for the Interruptible Load Program (ILP) to help ensure power supply sufficiency throughout the dry season.
ROTATING brownouts were implemented Tuesday afternoon as the Luzon grid was placed on a five-hour red alert status following the forced shutdown of 18 power plants.
FIRST Gen Corp. said the Philippine Manufacturing Co. of Murata Inc. (PMM) has agreed to renew its renewable energy (RE) supply deal for its production facility.
OIL firms announced on Monday they will implement a mixed price adjustment this week.
The Department of Energy (DOE) has endorsed 11 power projects—all renewables with a combined capacity of 2,024 megawatts (MW)—to the National Grid Corporation of the Philippines (NGCP) for the conduct of system impact study (SIS).
The average price at the Wholesale Electricity Spot Market (WESM) in Luzon and Visayas, when both grids were placed on red and yellow alert last week, surged to as high as P13.39 and P14.64 per kilowatt hour (kWh), respectively.
THE construction of critical transmission projects was completed in recent months. However, the Luzon and Visayas grids experienced rotating power outages early this week due to over 30 power plants either being shut down or operating at limited capacity.
THE Department of Energy (DOE) on Thursday said the extremely high temperatures have been affecting the operations of power plants as the red alert was once again raised for the third consecutive day in the Luzon grid.
LOANS extended by the National Electrification Administration (NEA) to electric co-operatives (ECs) reached P263.78 million at end-March this year.
PetroGreen Energy Corp. (PGEC), a subsidiary of publicly listed PetroEnergy Resources Corp., will source PV solar modules from Trina Solar, a global leader in smart PV (photovoltaic) modules and energy storage solutions.
THIRTY-ONE power plants in Luzon and Visayas are still on shutdown while eight more are still running on de-rated capacity, prompting the National Grid Corporation of the Philippines (NGCP) to place the grids on yellow alert on Wednesday.
AN environmentalist think tank released a report on Wednesday citing three high-potential offshore wind (OSW) development zones in the country.
Basic Energy Corp. (BEC) has tapped the technical expertise of Japan-based Renova Inc. to develop the 50-megawatt (MW) wind power project in Batangas.
(UPDATED) The Luzon grid may experience tight power supply in May, particularly from May 13 to 26, potentially leading to yellow alerts due to El Nino, a Manila-based think tank said Tuesday. This, as Luzon and the Visayas grids were placed on red alert on Tuesday.
ACEN Corp.’s subsidiary, ACEN Renewables International (ACRI), signed a $150-million green term loan facility with the Singapore branch of Sumitomo Mitsui Banking Corp. (SMBC) to finance the power firm’s renewable energy (RE) projects across the region.
PetroEnergy Resources Corp. (PERC) of the Yuchengco Group saw its net income rise to P944 million last year on the back of the strong electricity sales of its renewable energy (RE) projects.
(UPDATED) – The red and yellow alert status hoisted over Luzon and Visayas grids, respectively, on Tuesday, after a total of 31 power plants conked out while eight more are running at derated capacity, were extended by the National Grid Corporation of the Philippines (NGCP) following the implementation of manual load dropping (MLD) in affected areas.
Alternergy Holdings Corp.’s (Alternergy) subsidiary, Alternergy Tanay Wind Corp. (ATWC), and the National Grid Corporation of the Philippines (NGCP) have signed the interconnection agreement (ICA) for the 100-megawatt (MW) Tanay wind power project in Tanay, Rizal.
Lopez-owned First Gen Corp. (FGen) said Monday it awarded the contract for the second shipment of the company’s liquefied natural gas (LNG) supply requirement to CNOOC Gas and Power Trading & Marketing Limited (CNOOC).
Citicore Renewable Energy Corp. (CREC) and Rizal Commercial Banking Corp. (RCBC) sealed a financing deal worth P20 billion to help CREC achieve its goal of having one gigawatt (GW) of solar energy capacity this year.
Solar and hydro projects accounted for a chunk of the renewable energy (RE) service contracts awarded by the Department of Energy (DOE).
THE country’s on-grid power generation capacity last year grew by just 0.12 percent to 28,291 megawatts (MW), with coal still the dominant power source in the mix.
San Miguel Global Power Holdings Corp. (SMGP) entered into a subscription agreement with Azure Venture Investments Ltd. worth $800 million.
Meralco Energy Inc. (MServ), a subsidiary of the Manila Electric Co. (Meralco), has been tapped by Allied Care Experts (ACE) Group of Hospitals for the installation of electrical facilities that are crucial to the day-to-day operations of two medical centers in the country.
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