Philippines

Following a US$.0034 drop in the generation charge, from US$.0915 per kWh last May to US$.0881 per kWh this month, Meralco customers will experience a reduction in their power bills this June.

Wärtsilä has been awarded operations and maintenance contracts by two manufacturing companies in the Philippines. The two contracts were signed during the first quarter of this year.

Meralco reduced its generation charge by US 0.0126 cents from US 0.1057 cents per kWh last April to US 0.0931 cents per kWh this month. This translates to cheaper electricity bills for Manila Electric Company or Meralco consumers this May.

Napocor and its partners has placed its imprimatur on the manual of the Ambuklao and Binga power complex’s non-power components. The National Power Corporation, the Power Sector Assets & Liabilities Management Corporation, and SN Aboitiz Power-Benguet, Inc. has formally signed the documents approving the manual.

The Energy Regulatory Commission has approved Meralco's rate translation under Performance-Based Regulation.

The Napocor was recognised for its efforts to conserve the natural ecological system in the areas where it operates.

PLDT will acquire a 30 percent stake in Meralco to frustrate a perceived takeover attempt by San Miguel Corporation.