November 22, 2017
Published by admin at November 22, 2017
Categories
David Celestra Tan, MSK 21 September2017 Meralco’s public service franchise specifically prohibits it from engaging “ in any activity that will constitute an abuse of market power such as but not limited to, unfair trade practices, monopolistic schemes and any other activities that will hinder competitiveness of businesses and industries”. Meralco’s electric distribution franchise did not come with the right to also monopolize power generation. In fact they are specifically prohibited from abusing their market power. Yet that’s exactly what […]
October 30, 2017
Published by admin at October 30, 2017
Categories
By Lenie Lectura – October 26, 2017 from Business Mirror In a bid to fully implement a Malacañang-issued policy meant to fast-track the approval of energy projects, the Department of Energy (DOE) moved to designate agency officials to the Energy Investment Coordinating Council (EICC). The EICC will be led by the DOE, which will spearhead and coordinate national government efforts to harmonize, integrate and streamline regulatory processes, requirements and forms relevant to the development of energy investments in the country, […]
October 30, 2017
Published by admin at October 30, 2017
Categories
By Danessa Rivera – October 28, 2017 – 12:00am from Philstar MANILA, Philippines — Power distributor Manila Electric Co. (Meralco) is looking to slightly surpass its core profit last year as the surprise surge in sales will be tempered by the intense retail competition and ongoing developments in its power generation business. Meralco chairman Manuel V. Pangilinan said the company has set a guidance on 2017 consolidated core net income to be a slight improvement over the amount reported in […]
October 30, 2017
Published by admin at October 30, 2017
Categories
By Richmond Mercurio – October 28, 2017 – 12:00am from Philstar MANILA, Philippines — The Board of Investments (BOI) has approved four renewable energy projects totaling P35.4 billion in support of the administration’s efforts to address the power requirements of its ongoing infrastructure buildup program. Three of the projects will be undertaken by Currimao Solar Energy Corp. which include a P4.74 billion Talisay wind power project in Camarines Norte, a P14.6 billion Talim wind power project in Rizal, and the […]