Skip to content
  • About Us
  • Contact Us
  • RSS
Facebook Twitter Instagram
  • Home
  • Business
  • Social
  • Video
  • Money
  • Power
  • Property
  • Travel
  • Technology
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
Menu
  • Home
  • Business
  • Social
  • Video
  • Money
  • Power
  • Property
  • Travel
  • Technology
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
Search
Popular Tags Today:
BDO Life |
Forbes Park |
Luis Manzano, Flex Fuel |
Fernando Zobel, Pilipinas Shell |
April Lee Tan, COL Financial
  • Home
  • Business
  • Social
  • Video
  • Money
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS
Menu
  • Home
  • Business
  • Social
  • Video
  • Money
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS

Bilyonaryo - Business

Meralco looking to tap First Gen’s Malampaya allocation for SMC Ilijan offer

  • December 6, 2022
  • Bilyonaryo.com

Bilyonaryo Manuel V. Pangilinan’s Manila Electric Co. (Meralco) is seeking the help of the Lopez family’s First Gen Corp. for the use of the Ilijan power plant which Ramon S. Ang-led San Miguel Corp. is offering the power distributor at a minimal capital recovery fee.

ALSO READ: Brace for higher energy bills as SMC pulls plug on supply deal with Meralco

Jose Ronald Valles, Meralco first vice president and head of regulatory management, said it would discuss with First Gen the possibility of using the latter’s natural gas allocation from Malampaya to fuel into operations SMC’s 1,200-megawatt Ilijan gas-fired plant.

Valles said Meralco would be in charge of fuel procurement under SMC’s proposed deal for the use of the Ilijan plant.

“So i-didivert mo yung fuel ng First Gas, ililipat mo kay Ilijan for Ilijan to run on the gas using natural gas and for the First Gas plants to run on liquid fuel,” Valles said.

“We will talk to First Gen about it and then once we arrive at an agreement, then we need to go to the Department of Energy (DOE) first to get their approval and if there’s blessing from the DOE, then that’s the time we go to the Energy Regulatory Commission (ERC). We don’t want to go to the ERC if the DOE will not bless it,” he added.

Valles said the company is hoping to have a written agreement executed within a week.

“Ang objective namin is we want to be able to add that 1,200 MW back to the grid. Kasi nawala yung 1,200 MW ng Ilijan nung nawala sila when that contract with the government expired. So sana bumalik yun para hindi tayo magkaroon ng shortage ng supply sa summer,” the Meralco official said.

“So we’re doing everything possible to mitigate the impact of the temporary restraining order as well as the impact of any increases that will be brought about by the price offers of the different generators under the other emergency power supply agreements,” he added.

  • Related News Tags: Malampaya, Meralco, SMC Ilijan
PrevPreviousImee Marcos on $4.9B wealth fund: Don’t forget ‘looting’ in Malaysia’s 1MDB scandal
NextUnderground restaurants, secret bars: Beijing residents dodge Covid curbsNext

You may also like

Bilyonaryo on CNN

Bilyonaryo on CNN

Veteran journalist Ces Drilon, with CNN Philippines President Benjamin V. Ramos, and officials of Prage Management Corp. sign a blocktime contract agreement for the airing of “Usapang Bilyonaryo” - a profile feature show starting January 16. -- CNN Philippines

Casinos are booming again and Pagcor’s Al Tengco expects growth to continue in 2023

The gaming industry’s strong performance in 2022 boosted the revenues of the Philippine Amusement and Gaming Corp. (Pagcor), rising by more than half compared to the previous year.

Robina Gokongwei’s RRHI continues momentum, delivers record earnings in 2022

Bilyonaryo Robina Gokongwei Pe-led Robinsons Retail Holdings saw its net income rise by 26.7 percent to an all-time high of P5.7 billion last year as sales exceeded pre-pandemic levels.

Big Boy, Coyiuto to stay as private partners? Marcos mulls use of Maharlika Fund to buy out China’s State Grid from NGCP

President Bongbong Marcos is reportedly leaning towards using the proposed Maharlika Wealth Fund to buy out the 40 percent stake of State Grid Corp. of China in National Grid Corp. of the Philippines.

Roxas Holdings expects to bounce back after higher Q1 loss

Sugar and ethanol producer Roxas Holdings Inc. (RHI) is looking past its first quarter loss, saying business is primed for an upturn with the expected resumption of operations of its refinery.

Iniwan sa ere! Not-so-lucky Flex Fuel investors demand millions back from Luis Manzano

Actor Luis Manzano is in hot water for allegedly enticing over 100 persons to invest nearly P1 million in Flex Fuel Corporation, a petroleum company, which turned out to be a scam.

Casinos are booming again and Pagcor’s Al Tengco expects growth to continue in 2023

Robina Gokongwei’s RRHI continues momentum, delivers record earnings in 2022

Big Boy, Coyiuto to stay as private partners? Marcos mulls use of Maharlika Fund to buy out China’s State Grid from NGCP

Roxas Holdings expects to bounce back after higher Q1 loss

Iniwan sa ere! Not-so-lucky Flex Fuel investors demand millions back from Luis Manzano

Back in the saddle? Fernando Zobel accepts more responsibility as Pilipinas Shell director months after quitting Ayala group for health reasons

Large-scale agricultural smuggling raps filed vs Victory JM Enterprise, Asterzenmed

Money rush: Investment banker tells what’s wrong with Maharlika Fund—and how it can be fixed

Para klaro trabaho! Marcos OKs creation of Water Resource Management Office

Read more Business stories

Recommended from sister websites

→ Abogado
DOJ to seek dismissal of ‘conjured’ cases vs Japanese fugitives to hasten deportation
→ Abogado
Who will replace Rex Gatchalian as Valenzuela congressman? Comelec explains
→ Politiko
Hell hath no fury than a First Lady scorned: Mon Tulfo out of Philippine Star?
→ Politiko
Risa twits Maharlika proponents: Better call MIF a ‘Sovereign Liability Fund’
→ Bankero
BPI, Lazada unveil new partnership
Power

Yuchengco Group to supply 47.5 MW to SN Aboitiz’s retail electricity arm

Yuchengco-owned firms PetroGreen Energy Corp. (PGEC) and PetroSolar Corp. (PSC) entered into a supply agreement with SN Aboitiz Power Group (SNAP).

Money

Australia to remove British monarch from banknotes

Australia will remove the British monarch from its banknotes, replacing the late Queen Elizabeth II’s image on its $5 note with a design honouring Indigenous culture, the central bank said Thursday.

Business

Robina Gokongwei’s RRHI continues momentum, delivers record earnings in 2022

Bilyonaryo Robina Gokongwei Pe-led Robinsons Retail Holdings saw its net income rise by 26.7 percent to an all-time high of P5.7 billion last year as sales exceeded pre-pandemic levels.

Property

Indonesian islanders file Holcim climate complaint

Residents of the Indonesian island of Pulau Pari have filed a complaint against the cement giant Holcim, demanding compensation for climate damage, in the first move of its kind in Switzerland, the NGO backing them announced Wednesday.

Latest on Bilyonaryo

Usapang Bilyonaryo by Ces Drilon

Usapang Bilyonaryo
Bilyo-cnn-logo

“Usapang Bilyonaryo” is a digital-first, hybrid magazine show hosted and produced by veteran broadcast journalist Ces Oreña-Drilon in cooperation with the Bilyonaryo.com team. The 30-minute TV cut airs on CNN Philippines at 8 PM every Monday, starting January 16. The full version or producer’s cut of each episode, as well as interview splices, will be posted on Bilyonaryo.com’s Youtube and Facebook accounts.

 

ub-rlc-mobile
In cooperation with
bilyoabryo-rlc-2

Brought to you in part by

Share this!

Exclusive!

Who’s Who at ART SG

January 12, 2023

Art SG kicked off today with art world legends and collectors showing up with extra vigor after a two-year delay due to the pandemic.

Read More »

Advertisement

Bilyonaryo Premium Ad 1
Bilyonaryo Premium Ad 2
Bilyonaryo Premium Ad 3
Bilyonaryo Premium Ad 4
Bilyonaryo Premium Ad 5

Trending on
Business

GOLD
Prized paintings not included: Crafty matron sells fully furnished Forbes mansion for over P3B

Iniwan sa ere! Not-so-lucky Flex Fuel investors demand millions back from Luis Manzano

Money rush: Investment banker tells what’s wrong with Maharlika Fund—and how it can be fixed

PLATINUM
Big Boy Sy sells P341 million SM Prime shares as foreigners load up on property giant

Burning rubber: Ty-blings’ Toyota Philippines set to hit record high sales in 2023

Aboitiz’s Union Bank, Consunji’s DMCI widely expected to join PSE Index

TITANIUM
NBI’s got receipts: Subpoenas to be served to firms over Lyka app owner Bren Chong’s P45-B tax scam

Tony Tan Caktiong dumps P150 million Jollibee shares as fast food giant nears 52-week high

Gaisano family’s MRSGI sanctioned for breach of PSE disclosure rules

Read more Business stories

Trending on
Bilyonaryo

Business News

Prized paintings not included: Crafty matron sells fully furnished Forbes mansion for over P3B

Social Fancy News

Hindy Weber-Tantoco celebrates true love at son’s wedding

Money News

VUL budol? BDO insurance client shocked by deductions from fully paid policy

Technology News

Tech titans unite! Big Boy Sy, Anthony Almeda discuss Starlink’s entry with Marcos

Power News

Meralco moves to mitigate impact of higher rates at electricity market after CA issues decision favoring SMC unit

Property News

Raising the bar: Santi Elizalde mulls new resort concepts in the Philippines

Lifestyle News

Beyonce announces North American, European tour from May to September

Food & Nature News

Lucky Me vs Mi Goreng: Twitter question prompts hilarious online debate

Health News

Drugmaker GSK sees profit soar on consumer health spinoff

Travel News

Airbus and Qatar Airways resolve dispute on peeling paint of A350 jets

Golf News

Hoge enters Pebble Beach defense with wealth of new experience

Back to Bilyonaryo home page

Trending on
Bilyonaryo

Business News

• Prized paintings not included: Crafty matron sells fully furnished Forbes mansion for over P3B

• Iniwan sa ere! Not-so-lucky Flex Fuel investors demand millions back from Luis Manzano

Social Fancy News

• Hindy Weber-Tantoco celebrates true love at son’s wedding

• Heart and Chiz Escudero attend Tiffany and Co. dinner

Money News

• VUL budol? BDO insurance client shocked by deductions from fully paid policy

• Large investors salvage Adani’s $2.5 billion share sale after stock rout

Technology News

• Tech titans unite! Big Boy Sy, Anthony Almeda discuss Starlink’s entry with Marcos

• NTT World tapped to finish PH’s longest undersea cable system

Power News

• Meralco moves to mitigate impact of higher rates at electricity market after CA issues decision favoring SMC unit

• Arctic cold ‘no sweat’ for electric cars in Norway

Property News

• Raising the bar: Santi Elizalde mulls new resort concepts in the Philippines

• Santi Elizalde: AHG’s budget hotel operations set to return to pre-COVID figures by end-2023

Lifestyle News

• Beyonce announces North American, European tour from May to September

• Does Asterix have the magic potion to save French cinema?

Food & Nature News

• Lucky Me vs Mi Goreng: Twitter question prompts hilarious online debate

• Pinoy Bibingka grabs 16th place in Taste Atlas’ 100 Best Cakes in the World

Health News

• Drugmaker GSK sees profit soar on consumer health spinoff

• Novo Nordisk net profit jumps on diabetes, obesity treatments

Travel News

• Airbus and Qatar Airways resolve dispute on peeling paint of A350 jets

• Clickbait or creativity? The art world wrestles with AI

Golf News

• Hoge enters Pebble Beach defense with wealth of new experience

• Golf rankings becoming ‘obsolete’, says LIV rebel Smith

Back to Bilyonaryo home page

Copyright © 2022. Bilyonaryo. All Rights Reserved.
  • Home
  • Business
  • Social
  • Video
  • Money
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS
Menu
  • Home
  • Business
  • Social
  • Video
  • Money
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS