TeaM Energy looks at 2 power projects.
Byline: MYRNA M. VELASCO TeaM Energy Corporation, the joint venture of Japanese firms Marubeni Corporation and Tokyo Electric Power Company (TEPCO) that acquired the Philippine assets of Mirant Corporation, will pour in fresh investments in the domestic power industry for the expansion of the Pagbilao coal-fired and...

NPC inks 5-year coal supply contract.
Byline: MYRNA M. VELASCO State-run National Power Corporation (NPC) signed a coal supply contract that may have five-year duration with Indonesian coal producer PT Tambang Batubara Bukit Asam, according to Energy undersecretary Guillermo R. Balce. The energy official said it was the Indonesian coal firm...

BoI approves P3.8-billion coal, methane gas projects.
Byline: BERNIE CAHILES-MAGKILAT Two projects worth P3.83 billion that will mine coal and produce methane gas to supply the fuel requirements of power plants and help avert the imminent shortage in power supply in the country have been approved by the Board of Investments for tax incentives....

Spot electricity prices climb by P2/kWh.
Byline: MYRNA M. VELASCO Due to low availability of power plants running on cheaper fuels like coal, electricity prices at the Wholesale Electricity Spot Market (WESM) during April billing cycle soared by P2.00 per kilowatt hour (kWh) to P8.00 per kWh estimated settlement price from P5.936 per...

Hot coals.
FOR those interested in increasing carbon taxes, a perfect storm has gathered. That storm combines three smaller storms. First, you have those concerned about global warming, who have been worked into a political frenzy by Al Gore and his friends in Hollywood. Second, you have neoconservatives who feel that...

Rolling brownouts hit Luzon due to fuel run-out at 2 plants.
Byline: MYRNA M. VELASCO The Luzon grid, including large part of Metro Manila, was draped with rolling brownouts yesterday following the declaration of a "red alert" status by the System Operator mainly due to fuel run-out problems at the 1,200-megawatt Sual power plant in Pangasinan and the...

Electric power to the people. (Thinking Economically).
Energy deregulation in US has utterly failed to deliver on its promise of lower prices for consumers due to more competitive markets. To the contrary, prices are soaring due to the cartelization of energy suppliers and the merger wave among utilities. Almost every state has felt the impact of...

Coal use levels off.
After four decades of nearly uninterrupted growth, world use of coal is no longer growing. It fell 1.4 percent during 1990 and 1991, and preliminary data from 1992 show it falling another 0.3 percent, to 2.18 billion tons (oil equivalent). Economic contraction in Russia and Eastern Europe and a more...

NDC mulls legal action against DMCI.
State-owned National Development Company (NDC) is seriously considering of taking a legal action against DMCI Holdings for failure to give them enough time for the capital call and second listing of the Semirara Coal Corporation (SCC). A government source said that NDC has asked the Office of...

Cement prices would be higher sans safeguards.
The Cement Manufacturing Association of the Philippines (CeMAP) said that had it not for the continued imposition of safeguard duty against imported cement prices of cement would have reached P160 per bag due to soaring production costs, particularly coal. This developed as the latest price monitoring of...