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Wednesday, August 9, 2017
Authors Posts by Lenie Lectura

Lenie Lectura

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She studied at Letran College. Named the Best Telecommunications and Energy reporter by Ejap in the past years; also received an award for best feature story.
SEAOIL Philippines urged the government to enforce a fuel-marking system before imposing higher taxes on petroleum products. “Hopefully, before the government decides to implement a planned increase in excise tax, we could implement the fuel-marking system in which it is...
THE Manila Electric Co. (Meralco) is seeking for more solar-power providers to supply the utility firm’s requirements. “We might sign an additional 85 megawatts ,” said Meralco President Oscar Reyes, referring to a power supply agreement (PSA) with a still-undisclosed...
THE generation charge component of Manila Electric Co. (Meralco) consumers’ electricity bill is expected to go up by a few centavos this month. Generation charge covers the cost associated with Meralco’s purchase of power from its suppliers—independent power producers (IPPs), power...
A top official of First Gen Corp. said over the weekend the Lopez-led firm is interested to discuss anew its LNG (liquefied natural gas) plans with the Philippine National Oil Company (PNOC). “We would be interested,” First Gen President Francis...
SEMIRARA Mining and Power Corp. (SMPC) announced it is making progress in restoring the topography and ecological balance of its Panian open-pit mine in Semirara Island, Antique Province. “The Panian area used to have rolling hills of open grasslands with...
PHILIPPINES Renewable Energy Holdings Corp. (PREHC) intends to acquire up to 31.7 percent of Energy Development Corp. (EDC) via a tender offer. Officials from EDC, the Lopez-led First Gen Corp. and Macquarie Infrastructure and Real Assets (Mira) said on Thursday...
THE Manila Electric Co. (Meralco) posted lower profits in the first six months of the year, despite an increase in revenues during the period. The utility firm’s core profit reached P10.1 billion, 3-percent lower than the P10.4 billion Meralco posted...
A CLARA Technologies Llc.., a supplier of smart infrastructure solutions to electric, gas and water utilities worldwide, has acquired General Electric’s (GE) stake in GE Philippines Meter & Instrument Co. Inc. (Gepmic). Gepmic is a joint venture (JV) between GE...
Conclusion The Department of Energy (DOE) has approved changes to the Wholesale Eletricity Spot Market (WESM) rules enhancing the market’s design and operations. The approved enhancements are 1) shortening of dispatch interval from one hour to five minutes to lessen intra-hour deviations and...
A plant to build the country’s first liquefied natural gas (LNG) facility is now open to unsolicited proposals, Energy Secretary Alfonso G. Cusi said on Wednesday. “Yes, so we can get what is really beneficial for the country,” Cusi said...
ELEVEN years since it was launched in Luzon and seven years after in the Visayas, the Wholesale Electricity Spot Market (WESM) has promoted competition and transparency—and has continued to multiply investors—in the power sector. WESM stakeholders Philippine Electricity Market Corp....
HONG Kong-based think tank, Lantau Group, said the nonapproval of the power-supply agreements (PSAs) between the Manila Electric Co. (Meralco) and power producers will create instead what it called a “contracting gap” that will allow “cheaper options to creep...
THE subsidiary of PetroEnergy Resources Corp. has secured environmental permits for its solar power project in Puerto Princesa. “The proposed 10-megawatt Puerto Princesa solar-power project of PetroGreen Energy Corp. secured two vital environmental clearances necessary for facility development and operation,”...
THE Department of Energy (DOE) urged lawmakers to pass legislation allowing the government to tap the Malampaya fund to pay for the debts incurred by the National Power Corp. (Napocor) over the years. This, after the Energy Regulatory Commission (ERC) recently...
OIL firms are raising pump prices on August 1 following erratic movements in the international oil market. In separate advisories, oil firms said they would increase gasoline prices by P0.35 per liter, diesel by P0.50 and kerosene by P0.40. Pilipinas Shell,...
THE Independent Philippine Petroleum Companies Association (IPPCA) is expecting gasoline prices to surge by P7.65 as a result of an impending increase in excise tax on all petroleum products and increase in locally produced ethanol. “With the increase in excise...
PETROENERGY Resources Corp. (Perc) is looking at raising P1 billion via rights offer to boost its capital. In a disclosure on Thursday Perc said it expects to raise gross proceeds of approximately P1 billion. “The offer price and other details of the offer...
MRC Allied Inc. and China Energy Engineering Group Guangdong Power Engineering Co. Ltd. (GPEC) signed a Memorandum of Understanding (MOU) to explore opportunities in the renewable-energy (RE) sector. “The purpose of the MOU is to confirm that both parties have an interest...
TWO Citicore Power Inc. subsidiaries were awarded certificates of compliance (COCs) for their respective solar-power projects. The Energy Regulatory Commission (ERC) granted the COCs to Next Generation Power Technology Corp. (NGPT) on July 6 and to First Toledo Solar Energy...
The four commissioners of the Energy Regulatory Commission (ERC) have asked Malacañang to remove the agency’s chairman, who had been placed on a 90-day preventive suspension from office. ERC commissioners Alfredo Non, Gloria Victoria Yap-Taruc, Josefina Patricia Magpale-Asirit and Geronimo...