Semirara sees strong yearend income results on coal demand.
Byline: ANA MARIE MACUJA Publicly-traded Semirara Mining Company is looking at stronger yearend results as the Calaca 2 Plant of the National Power Corporation (Napocor), its single biggest buyer of coal, has already resumed its power generation operations. The company noted for the month of...

NPC, Meralco sign 5-year supply contract.
Byline: MYRNA M. VELASCO A calculated move to ease pressure of surging electricity prices at the spot market, giant utility firm Manila Electric Company (Meralco) finally signed a new power supply agreement with state-owned National Power Corporation. In a disclosure to the Philippine Stock Exchange...

RP coal demand seen to rise sharply.
Byline: MYRNA M. VELASCO The country is anticipating dramatic increase in its coal requirements in the next 2 to 3 years with much-needed capacity addition to plug near-term forecasted shortfall in electricity supply. According to Philippine National Oil Company (PNOC) president Eduardo V. MaA[+ or...

ADB to launch $100-million fund to invest in carbon credit projects.
Byline: PHELIM KYNE JAKARTA (Dow Jones) a" The Asian Development Bank will launch a fund next year to funnel at least $100 million over three years into pollution reduction and alternative energy projects that generate marketable Carbon Emission Reductions, or CERs, an ADB official said. ...

JBIC power sector loan eyed for Leyte-Mindanao interconnection.
Byline: MYRNA M. VELASCO The country is seriously considering another "Power Sector Program" loan with Japanese government, primarily to bankroll the Leyte-Mindanao transmission line interconnection project and boost power supply, primarily in the Visayas. National Transmission Corporation (TransCo) president and chief executive officer Alam T....

PSALM lists 11 IPP contracts due for transfer to administrators.
Byline: MYRNA M. VELASCO The Power Sector Assets and Liabilities Management Corporation (PSALM) listed 11 contracts with independent power producers (IPPs) with an aggregate capacity of 5,609 megawatts due for initial transfer under the charge of IPP administrators. These are the 1,200-MW Ilijan natural gas...

Change in Calaca fuel supply contract seen good to business.
Byline: MYRNA M. VELASCO If the Power Sector Assets and Liabilities Management Corporation (PSALM) has to take it from feedback of some investors, it is perceived that a modification in the existing 25-year fuel supply contract for the 600-megawatt Calaca power plant may yet perk up dampened...

PNOC posts P12.3-B operating income.
Byline: MYRNA M. VELASCO The year 2005 proved to be a good one for state energy firm Philippine National Oil Company (PNOC) with it hitting net operating income of P12.282 billion, a 34 percent jump from the previous yearas P9.204 billion. "Higher oil, natural gas...

Semirara boosts sales, operating income in Q1.
Stronger coal demand by local cement manufacturers pushed Semirara Mining Corp. total sales to 600,026 metric tons (MT) for the first quarter of this year, up by 38 percent from 435,332 MTs sold in the same period last year. The surge in coal sales resulted to higher...

YNN-Ranhill secures Meralco supply contract.
After much haggling, a breakthrough was finally achieved by the newly formed consortium of YNN-Ranhill as they reached a 10-year power supply agreement with Meralco for its due-to-be acquired 600-megawatt Masinloc coal-fired power plant. It has been confirmed by the camp of YNN-Ranhill that the deal will...