MANILA, Philippines (AP) — An entire province in the Philippines has been plunged into darkness after the national power grid operator cut off supply because of accumulated debt of $93 million. The blackout that started Tuesday surprised residents of Albay province in the central Philippines with a population of 1.2 million. Health insurance company employee...
GENERAL SANTOS CITY – Residents here should expect longer and more frequent brownouts as power supply from the National Power Corporation (Napocor) to the South Cotabato II Electric Cooperative (Socoteco II) could be reduced further to a mere 52 megawatts on average this year. Socoteco II technical services manager Crisanto Sotelo said they already received...
GENERAL SANTOS CITY, PHILIPPINES – The Alcantara-controlled Sarangani Energy Corporation (SEC) on Wednesday announced it has increased its authorized capital to P4.25 billion (US$100 million) as the company gears for the start of the construction of its 200-megawatt power plant project in Maasim, Sarangani. “The increase in capital stock will cover equity in the development,...
Delegates and stakeholders at the Mindanao Power Summit went home with more disappointment than relief following President Benigno ‘Noynoy’ Aquino’s announced commitment to proceed with the privatization of the Agus and Pulangi hydroelectric plants, which comprises 53 percent of the island’s installed capacities. Although Aquino said the sale of these power plants could be delayed,...
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