The power investment arm of Manila Electric Company (Meralco) will corner the majority stake of more than 40-percent in the $3.3 billion integrated liquefied natural gas (LNG) project originally owned and developed by SMC Global Power Holdings Corp. (SMGP) of the San Miguel group. According to...
CHORDS BY EMMANUEL RUBIO, ABOITIZ POWER CORP. PRESIDENT AND CHIEF EXECUTIVE OFFICER The generation of electricity and the production of food have a give and take relationship as they both require and compete for scarce resources like water and land. Suffice to say that the food value chain — from...
Greenfield as well as expansion generating facilities of Aboitiz Power Corporation will be shoring up power supply in the country this year by additional 400 megawatts – mainly coming from its solar plants that will be reaching commercial stream in the months ahead. In a briefing with reporters,...
Aboitiz Equity Ventures Inc. (AEV) and Coca-Cola Europacific Partners Plc (CCEP) have completed their $1.8-billion acquisition of Coca-Cola Beverages Philippines Inc. (CCBPI) from The Coca-Cola Company (TCCC). In a statement, AEV said CCBPI, the exclusive bottler and distributor of TCCC...
As Global Recycling Day draws near, score a twofold win for the environment by decluttering your home and breathing new life into waste with Smart Recycle PH's “Recycling for Trees” campaign, which converts recyclables into fruit-bearing trees. In partnership with Ramon Aboitiz Foundation...
Aboitiz Infracapital (AIC) has inaugurated the P12 billion Davao City Bulk Water Supply Project (DCBWSP), the largest of its kind in the country boasting a 300-million liters per day (MLD) water production capacity. In a statement, the firm said this transformative infrastructure project is the...
While the Aboitiz Group already has extensive investments in power, infrastructure, real estate, banking, and shipbuilding, it recently made waves with its diversification into the consumer business with its acquisition of a 40 percent stake in Coca-Cola Beverages Philippines Inc. in a $1.8 billion...
A short video docuseries that shows the lives of people and communities that benefit from various social programs of Aboitiz Power Corporation (AboitizPower) won a Silver Award in the 59th Anvil Awards under the Public Relations - Corporate Social Responsibility/Good Governance category. The...
The $1.8-billion acquisition of Coca-Cola Beverages Philippines Inc. (CCBPI) by Aboitiz Equity Ventures Inc. (AEV) and Coca-Cola Europacific Partners Plc (CCEP) takes a further step towards completion after getting the green light from the Philippine Competition Commission (PCC). In a disclosure to...
Filipino firm Upgrade Energy Philippines (UGEP) is casting an ambitious target of 700 megawatts for rooftop and ground-mounted solar installations across commercial and industrial (C&I) customers that it is targeting to accomplish by 2028. So far, the first major project delivered by the...
Aboitiz Power Corp. (AboitizPower) is bracing for a challenging year, with expectations of increased electricity demand, global supply chain uncertainties, and the impact of the El Niño phenomenon creating tight market conditions. In a statement, Emmanuel Rubio, AboitizPower president and chief...
Aboitiz Equity Ventures Inc. (AEV), the investment arm of the Aboitiz Group, and Coca-Cola Europacific Partners Plc (CCEP), have entered into a definitive agreement to jointly acquire Coca-Cola Beverages Philippines Inc. (CCBPI) from The Coca-Cola Company (TCCC) for $1.8 billion. In a disclosure to...
