This is the first time this year that the Mindanao grid has been placed on alert as the available capacity is 2,761 megawatts amid peak demand of 2,614 MW due to forced outages of nine power plants, according to the National Grid Corp. of the Philippines.
NGCP announced in the afternoon that the yellow alert in the Mindanao grid had been lifted.
The Luzon grid was placed on red and yellow alert with an available capacity of 14,249 MW while peak demand stood at 13,475 MW.
The Visayas grid was also placed on red and yellow alert as available capacity was at 2,462 MW while peak demand stood at 2,525 MW.
In an afternoon update, NGCP said the highest Luzon grid peak load for the year is 14,016 MW, which exceeded Tuesday's record.
Department of Energy (DOE) Assistant Secretary Mario Marasigan said the peak demand for the Luzon grid last Tuesday was recorded at its highest for the year.
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Meat imports to further rise this year
The Philippinesâ meat imports are expected to further increase this year as lower tariffs attract more foreign supplies to meet the countryâs growing demand for cheaper meat products, according to the United Nationsâ Food and Agriculture Organization (FAO).
Sta. Lucia allots P5.62 B for capex
Listed real estate developer Sta. Lucia Land Inc. is beefing up its capital spending this year to develop more projects and further expand its land bank.
SEC welcomes new commissioner
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Index may continue downtrend this week
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Peso weakness temporary - BSP
The depreciation of the peso against the US dollar is only temporary due to the current market sentiment surrounding the US Federal Reserve, an official from the Bangko Sentral ng Pilipinas said.
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Foreign debt rises to $128.7 B in Q1
The country's foreign debt hit another record high of $128.69 billion in the first quarter as private sector banks and the national government borrowed more from offshore creditors, the Bangko Sentral ng Pilipinas (BSP) said.
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Magsayo closer to title shot
Tagbilaran fighter Mark (Magnifico) Magsayo took a major step closer to another world title shot by scoring a unanimous 10-round decision over Mexican southpaw Eduardo (Zurdito) Ramirez to claim the vacant WBA Intercontinental super featherweight championship at the MGM Grand Garden Arena in Las Vegas last Saturday night (yesterday morning, Manila time).
BOLTS CHAMPS AT LAST
MERALCO CAPTURES FIRST PBA CROWN IN 14 YEARS
Bianca poised for strong finish in Meijer Classic
Philippines ace Bianca Pagdanganan leaned on a strong back nine to card a three-under 69 on moving day and gain a crack at the Top 10 in the Meijer LPGA Classic in Belmont, Michigan Saturday.
NAITAS spearheads golf tourism in Guam
The National Association of Independent Travel Agencies (NAITAS), a prominent nationwide association that brings together travel agencies and tour operators from across the country, is making significant strides in promoting golf destinations in the Philippines and internationally.