Philippines

Icelandic firm H.S. Orka Energy will beef up the technical capability of the local developer of the 49-megawatt Biliran geothermal power project in the Visayas, Philippines.

Thai firm EGCO, through its subsidiary Quezon Power, is eyeing an equity take in the proposed P6-billion 48-MW wind power project in Oriental Mindoro, Philippines.

First Gen Corp. may invest as much as $3 billion in the next six years building power plants and a liquefied natural gas terminal.

Quezon Power Philippines Ltd. is trying to close an off-take power supply agreement with Meralco for the 500-megawatt expansion of its coal-fired power plant in Mauban.

Hedcor Inc. will add 60 megawatts to its portfolio of smaller-scale hydropower capacities, according to its president, Rene Ronquillo.

The National Grid Corporation of the Philippines will invest P269 million or US$6.44 million for additional capacitor banks at substations in the Luzon grid.

It will build a 135 megawatt circulating fluidized bed thermal facility in Iloilo.

A subsidiary of Ayala Corporation will build a 135MW power generation plant in the Province of Iloilo at the cost P12.5 billion.

Brunei is interested in the proposed liquefied natural gas facility to be put up in Mindanao.

Aboitiz Power will tap the local debt market to fund 75 percent of the its $3.6 billion coal-fired plant projects.

PSALM's offer of P348.91-million for the one-year operation of the 145.8-megawatt Naga thermal power facility in Cebu was found to be exorbitant by some bidders.

Basic Energy won three geothermal service contracts that enables it to explore energy resources in undeveloped areas.

Meralco's P9.1 billion claim for refund was labeled as “unfounded” and “premature” by the Philippine state-run Power Sector Assets and Liabilities Management Corporation.

PSALM is again the operation and maintenance service contract for the 650-megawatt Malaya thermal power plant.

Six South Korean frims have expressed interest in joining PNOC-EC in building two coal mine-mouth power plants in Isabela and Zamboanga Sibugay worth $400 million.

Luzon Hydro Corp has been given a notice of default by Napocor due to delay in the completion of the tunnel lining repair of Bakun hydroelectric power plant.