Noticias de dinero

LNG use approved for Meralco supply deals

THE Energy Regulatory Commission (ERC) has approved the limited use of liquefied natural gas (LNG) for the power purchase agreements (PPAs) between Manila Electric Co.(Meralco) and First Gen Corp. In an order released on March 26, 2024, the ERC said it resolved to allow First Gas Power Corp. (FGPC) and FGP Corp. (FGP) to use

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Meralco unit renews deal with property firm

MANILA Electric Co.’s (Meralco) MPower Inc. has renewed a retail supply agreement with real estate manager Pioneer Highlands South Condominium Corp. (PHSCC). MPower said on Thursday that it would continue providing electricity to PHSCC, which manages the Pioneer Highlands South Condominium in Mandaluyong City that is home to about 445 residential and commercial occupants.

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Meralco units ink deals with real estate firms

MANILA Electric Co. (Meralco) said Tuesday that two of its subsidiaries had collaborated with real estate firms Mirax Corp. and Rima Corp. for solar energy and internet connectivity solutions. MSpectrum Inc., Meralco’s solar company, turned over a 32-kilowatt peak (kWp) solar panel system with battery energy storage to power Rima’s Taguig Warehouse 1 and reduce

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San Miguel unit set to win Meralco deal

SAN MIGUEL-OWNED Limay Power Inc. has submitted the best offer for a 400-megawatt (MW) interim supply deal sought by Manila Electric Co. (Meralco). Limay Power, which proposed a rate of P6.2798 per kilowatt-hour (kWh) for the entire 400 MW, was said to have bested sister firm Masinloc Power Co. Ltd., which submitted a P6.2957/kWh bid

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Failed bidding declared for Meralco supply deal

MANILA Electric Co. (Meralco) on Monday failed to secure bids for a 260-megawatt (MW) interim power supply agreement aimed at meeting an expected surge in demand during the summer. “…I understand that today was the date of submission of the bid, but the two bidders have withdrawn their expressions of interests and therefore resulted in

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Meralco allots P100B for sustainability efforts

MANILA Electric Co. (Meralco) is committing P100 billion for capital expenditures through 2030 to bankroll its long-term sustainability strategy programs. “With sustainability deeply embedded in Meralco’s operations and long-term plans, we are proud to commit over P100 billion in capital expenditures to initiatives that not only enhance our infrastructure but also align with the government’s

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Meralco allots P280M to power Manila subway

MANILA Electric Co. (Meralco) said Monday that it was allocating P280 million to develop a 115-kilovolt (kV) switching station that will ensure stable power for the Metro Manila subway project. Scheduled for completion in 2026, the switching station in Barangay Ugong, Valenzuela City, will connect the underground mass transport system to Meralco’s distribution network.

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DoTr, Meralco ink subway power deal

THE Department of Transportation (DoTr) and power giant Manila Elector Co. (Meralco) on Thursday sealed a crucial partnership, ensuring uninterrupted electricity and reliable service for the Metro Manila Subway, the country’s first-ever underground railway. The partnership, according to Transportation Secretary Jaime Bautista, will guarantee commuters uninterrupted power and reliable service from the railway system.

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Meralco hikes stake in solar energy firm

MANILA Electric Co. (Meralco), through subsidiary MGreen Renewable Energy Inc. (MGreen), has infused an additional P2.5 billion in SP New Energy Corp. (SPNEC), further consolidating its control of the solar energy firm. SPNEC told the stock exchange last week that MGreen — the renewable energy development arm of Meralco Powergen Corp., a wholly owned subsidiary

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Meralco affiliate eyes venture with PhilTower

MANILA Electric Co. (Meralco) on Wednesday said that affiliate Miescor Infrastructure Development Corp. (MIDC) was looking to form a joint venture with Phil-Tower Consortium Inc. (PhilTower). “PhilTower and MIDC have announced their intention to form and invest in a JV that will wholly own PhilTower and MIDC to meet the growing demand for 4G and

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