Philippines
Semirara Mining acquires loan for Filipino coal plant expansion
Semirara Mining acquires loan for Filipino coal plant expansion
Semirara Mining will receive a PHP14bn ($329.27m) loan to finance the construction of two generating units next to its coal plant in Batangas in the Philippines. The project involves the construction of two coal-fired units of 150MW each, next to the 600MW coal-fired power plant. The project will be implemented by Semirara Mining's new subsidiary Southwest Luzon Power Generation. The syndicated term debt facility was arranged by BDO Capital and Investment, reports abs-cbnnews.com.
Thermal plant be built by AC Energy JV in Batangas
AC Energy Holdings has formed a joint venture with Trans-Asia Oil and Energy Development to build and operate a 135MW thermal power plant in Batangas, the Philippines.
KEPCO completes Cebu power plant
Korea Power Electric Corp. has completed a new power plant in Cebu, the Philippines.
ADB urges for more clean energy investments
ADB is urging Asia-Pacific countries to invest in clean energy and energy efficiency to secure recent economic gains.
Philippines to promote renewable energy use
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Basic Energy pursues study on 20MW geothermal project
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Ayala acquires 50% of Ilocos wind farm
The Ayala Group acquired half of the participating stake in a 33-megawatt wind farm in Ilocos Norte.
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Aboitiz to increase Sibulan plant's capacity
Aboitiz Power will boost its Sibulan hydroelectric plant in Davao del Sur by 13.6MW.
Power supply critical in Mindanao
The daily brownouts in Mindanao may persist this year as no new generating capacity is expected to be added.
Philippines now has utility-scale rooftop solar facility
First Philec Solar Corp. has put up the Philippines' first rooftop-installed solar facility of “utility scale".
Napocor needs $911M for remote, off-grid areas
Napocor needs as much as US$911.4 million to fund its electrification projects in remote and off-grid areas over the next five years.
Albay spared from blackouts
The customers of Albay Electric Cooperative in the Bicol region can heave a sigh of relief because they can be temporarily spared from blackout.
NPC given heftier rate hike in off-grid areas
The Philippine's NPC was finally allowed to pass-on a heftier increase of US$0.02417 per kilowatt to to its SPUG jurisdictions in Luzon.
Aboitiz earmarks $1.5B for plant expansion
Aboitiz Power will spend $1.5 billion for the expansion of its Subic and Davao coal-fired facilities over the next three years.
VIASPACE eyes biomass deals in Philippines and China
VIASPACE Green Energy Inc. CEO Dr. Carl Kukkonen discussed potential electric power plants and pellet mills that could be co-located with Giant King.
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