Sheldeen Talavera

Philippines

Reporter at BusinessWorld

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Articles

ERC allows NGCP to recover P28.29 billion from consumers - BusinessWorld Online

1 month ago | bworldonline.com | Sheldeen Talavera

By Sheldeen Joy Talavera, Reporter Transmission charges are expected to increase as the Energy Regulatory Commission (ERC) authorized the National Grid Corp. of the Philippines (NGCP) to collect P28.29 billion in under-recoveries from consumers. The ERC said in a statement that it has completed NGCP’s fourth regulatory period (4th RP) rate reset spanning 2016 to 2022 following its commission meetings. In a decision by the majority composed of Commissioners Alexis M. Lumbatan, Floresinda G.
Meralco franchise renewed for 25 years

1 month ago | bworldonline.com | Sheldeen Talavera

By Sheldeen Joy Talavera, ReporterPOWER distributor Manila Electric Co. (Meralco) has committed to delivering “stable, reliable, and affordable electricity” to its customers after its franchise was extended for another 25 years. President Ferdinand R. Marcos, Jr. on April 11 signed into law the measure extending Meralco’s franchise for another 25 years, Presidential Communications Office Undersecretary Clarissa A. Castro said on Tuesday. “We thank President Ferdinand R.
Citicore seeks grid integration of Pangasinan solar farm

1 month ago | matuwid.org | Sheldeen Talavera

By Sheldeen Joy Talavera – April 11, 2025 | 12:09 amfrom Business WorldSTA. BARBARA 1 Solar Power Project in Pangasinan — CREC.COM.PHCITICORE SOLAR Pangasinan, Inc. (CSPI), a unit of the Saavedra-led Citicore Renewable Energy Corp. (CREC), is seeking approval from the Energy Regulatory Commission (ERC) to develop connection facilities for its solar farm in Pangasinan. CSPI has proposed to develop P176.19-million interconnection facilities that will connect its 90-megawatt (MW) Sta.
Gas firm taps First Gen to power manufacturing facility with RE

1 month ago | matuwid.org | Sheldeen Talavera

GAS manufacturing firm Nippon Sanso Ingasco Group (NSIG) has partnered with Lopez-led First Gen Corp. to power its gas manufacturing facility in Mindanao with renewable energy (RE). First Gen, through its subsidiary Energy Development Corp., will supply 2.6 megawatts (MW) of electricity from its geothermal power plant in North Cotabato to NSIG’s facility within the Phividec Industrial Estate in Tagoloan, Misamis Oriental, the companies said in a statement on Wednesday.
SMIC unit starts geothermal exploration in Albay

2 months ago | matuwid.org | Sheldeen Talavera

By Sheldeen Joy Talavera – April 8, 2025 | 12:05 amfrom Business WorldTHE PHILIPPINE Geothermal Production Co., Inc. (PGPC), a subsidiary of SM Investments Corp. (SMIC), has started exploring new renewable geothermal energy sources in Albay, the company announced on Monday. The company has commenced operations of its drilling rig as it develops a geothermal steam field at Mt. Malinao, which could generate up to 49 megawatts (MW) of electricity, the company said in a media release.
RE industry frets about rates should Trump stoke inflation

2 months ago | bworldonline.com | Sheldeen Talavera

By Sheldeen Joy Talavera, ReporterTHE Trump administration’s policies could cause inflation to remain elevated, which would have a major impact on the renewable energy (RE) industry because it depends heavily on borrowed capital, ACEN President and Chief Executive Officer Eric T. Francia said. “Ninety percent of our capex (capital expenditure) is cost of capital and that remains elevated and more than offsets the low solar panel prices,” Mr. Francia said. Mr. Francia said President Donald J.
World Bank tapped to help design offshore wind green energy auction

2 months ago | bworldonline.com | Sheldeen Talavera

By Sheldeen Joy Talavera, ReporterTHE Department of Energy (DoE) said it has engaged the World Bank to help design the fifth round of the green energy auction (GEA-5) this year, which will focus on offshore wind (OSW) power projects. “To mitigate risks and uncertainties associated with offshore wind technology, the DoE is collaborating with the World Bank Group for expert guidance and support.
SN Aboitiz Power starts construction of battery storage project in Benguet

2 months ago | matuwid.org | Sheldeen Talavera

By Sheldeen Joy Talavera – March 26, 2025 | 12:03 amfrom Business World(L-R) Scatec EVP-Asia Andy Ana, SNAP President and Chief Executive Officer Joseph Yu, Norwegian Ambassador to the Philippines Christian Lyster, Energy Assistant Secretary Mario Marasigan, and Itogon Mayor Bernard Waclin.
PHL stock exchange’s tech glitches may dent foreign investor confidence

2 months ago | bworldonline.com | Sheldeen Talavera

By Sheldeen Joy Talavera, ReporterTHE Philippine Stock Exchange, Inc. (PSE) is being urged to invest more in advanced infrastructure as technical glitches that affect trading may dent investor confidence, analysts said. Trading was delayed by nearly two hours on Monday morning due to a “system connectivity issue,” the PSE said in an advisory. The market opened at 11:10 a.m. instead of the usual 9:30 a.m.The delay may have dampened trading in the stock market.
Actis invests $600M for 40% stake in MTerra Solar

2 months ago | matuwid.org | Sheldeen Talavera

The deal’s closing follows the share subscription agreement signed in September last year between Terra Solar Philippines, Inc. — the project’s developer and an SPNEC subsidiary — and Actis. MGreen is the renewable energy arm of Meralco PowerGen Corp., a wholly owned subsidiary of Manila Electric Co. (Meralco). The company holds a controlling stake in SPNEC.