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Danessa Rivera
Danessa Rivera
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PNOC lays out reorganization plan
by Danessa Rivera - April 30, 2017 - 12:00am
State-run Philippine National Oil Co. (PNOC) is seeking clearance from the Governance Commission For GOCC (GCG) to pursue its reorganization and transform from a holding company to an operating firm.
NGCP pushes Vis-Min interconnection
by Danessa Rivera - April 30, 2017 - 12:00am
The National Grid Corp. of the Philippines (NGCP) is seeking industry and public support as it has filed an application for the implementation of the Visayas-Mindanao Interconnection Project (VMIP) in support of...
DOE dangles power projects to ASEAN funders
by Danessa Rivera - April 29, 2017 - 12:00am
The Department of Energy (DOE) is inviting Association of Southeast Asian Nations (ASEAN) investors in the Philippine power sector as the administration’s massive infrastructure program would require a huge...
NGCP supports national broadband program
by Danessa Rivera - April 28, 2017 - 12:00am
The National Grid Corp. of the Philippines (NGCP) has expressed its full support for the government’s national broadband program by using the fiber optics network in the transmission grid to improve the internet...
EDC borrows P5 B from Security Bank
by Danessa Rivera - April 28, 2017 - 12:00am
Lopez-led Energy Development Corp. has closed a P5-billion loan with Security Bank Corp. as part of its refinancing program for its existing debts.
Japan’s Densan completing minority purchase in Bayad Center
by Danessa Rivera - April 28, 2017 - 12:00am
Japanese integrated payment solution provider Densan System Co. Ltd. expects to close next month the purchase of a minority stake in CIS Bayad Center Inc., the over-the-counter bills collection-payment center of...
First Gen keen on LNG terminal
by Danessa Rivera - April 28, 2017 - 12:00am
First Gen Corp. expressed willingness to work with government to put up a liquefied natural gas (LNG) terminal to jumpstart the industry’s development and ensure the continued use of the fuel beyond the life...
MGen eyes P100 B loan for Quezon power plant
by Danessa Rivera - April 27, 2017 - 12:00am
Meralco PowerGen Corp. (MGen), the power generating unit of power distribution giant Manila Electric Co. (Meralco), is eyeing to close a P100-billion loan from eight banks for its coal-fired power plant in Atimonan,...
PLDT in talks with 2 investors for Meralco stake
by Danessa Rivera - April 26, 2017 - 12:00am
PLDT Inc. is in “serious” talks with two foreign investors for the sale of its 8.74-percent remaining stake in Manila Electric Co. (Meralco) to reduce debts, its chairman Manuel V. Pangilinan said.
Fuel prices rolled back today
by Danessa Rivera - April 25, 2017 - 12:00am
Oil companies are implementing minimal price cuts across all fuel products today as global oil prices dropped.
First Gen borrows $500 M to repay debts
by Danessa Rivera - April 24, 2017 - 7:31pm
First Gen Corp. has borrowed $500 million from six banks to repay existing debts.
Meralco net income up to P4.6 B in Q1
by Danessa Rivera - April 24, 2017 - 7:31pm
Manila Electric Co. (Meralco) managed to post a slightly higher core net income in the first quarter despite slower growth in sales amid a more challenging business environment during the review period.
DOE pushes mandatory shift to RCOA
by Danessa Rivera - April 24, 2017 - 7:31pm
The Department of Energy (DOE) is pushing for a mandatory shift to the Retail Competition and Open Access (RCOA), which is being challenged in court.
Basic Energy mulls solar projects abroad
by Danessa Rivera - April 24, 2017 - 12:00am
Basic Energy Corp. and its partner are scouting for solar power investments overseas since government announced it will nix the expansion of the feed-in tariff (FIT) scheme.
DOE assesses RE goals
by Danessa Rivera - April 24, 2017 - 12:00am
The Philippines has started a self-assessment to reach its goal of adding at least 20,000 megawatts (MW) of renewable energy (RE) capacities by 2040.
AC Energy to expand wind farm
by Danessa Rivera - April 24, 2017 - 12:00am
AC Energy Holdings Inc. is expanding its renewable energy (RE) portfolio as it eyes to augment by 69 megawatts (MW) one of its wind farms in northern Luzon, ranking officials said.
DOE clears 7 renewable energy projects
by Danessa Rivera - April 23, 2017 - 12:00am
Seven renewable energy projects were cleared to proceed undertaking grid impact studies as of March, latest data from the Department of Energy (DOE) showed.
NGCP restores power lines after Alabang tower collapse
by Danessa Rivera - April 23, 2017 - 12:00am
The National Grid Corp. of the Philippines (NGCP) has restored Lines 1 and 2 of its Biñan-Muntinlupa 230kV transmission line after completing the temporary relocation of its Alabang tower.
TransCo tapping Malampaya fund for Vis-Min grid
by Danessa Rivera - April 22, 2017 - 12:00am
The National Transmission Corp. (TransCo) is seeking President Duterte’s clearance to tap the Malampaya fund to build the long-delayed Visayas-Mindanao grid connection, its top official said.
Shell eyes electricity sale via spot market
by Danessa Rivera - April 22, 2017 - 12:00am
Pilipinas Shell Petroleum Corp. is eyeing to enter the business of selling electricity through the spot market to bump up its revenues.
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