Listed firm Aboitiz Power Corporation logged 32-percent surge in consolidated net income last year to P27.5 billion from a leaner P20.8 billion in 2021. The company said its profit’s significant hike “was primarily due to fresh contributions from GNPD (GNPower Dinginin) and higher availability...
The GNPower Dinginin (GNPD) coal-fired power plant, which is a joint venture of Aboitiz Power and the Ayala group, is supplying 300-megawatt capacity to Manila Electric Company (Meralco) at a much higher rate of P8.5250 per kilowatt hour (kWh), according to a ranking executive of the utility firm....
DAVAO del Sur Gov. Yvonne R. Cagas (center) receives the community shares check from Hedcor Inc. VP for Operations and Maintenance Leo Lungay (second from right). Present during the ceremony were (from left) AboitizPower External Relations Theodore Bisnar, Vice Gov. Ai-Ai Cagas-Fernandez, Special...
Listed firm Aboitiz Power Corporation has inked memorandum of understanding (MOU) with Japanese companies Kawasaki Heavy Industries, Ltd. and IKS Co. Ltd. (IKS) for targeted ‘preliminary cooperation’ on technology deployments of energy storage systems as well as other technology solutions that...
Listed firm Aboitiz Power Corporation has signed a memorandum of understanding (MOU) with its Japanese firm-partner JERA Co. Inc. to jointly explore ammonia co-firing on the former’s coal plants, and assess the potential of hydrogen fuel applications in the country. The Aboitiz Power-JERA deal...
Listed firm Aboitiz Power Corporation is eyeing to develop a 150-megawatt power plant that will run on imported liquefied natural gas (LNG) to be sited adjacent to its existing diesel-fired power facility in Naga, Cebu. “It’s an option in Cebu to be delivered by 2026 or 2027... that’s when...
A limited hedge on fuel supply procurement that a power generator can avail of has been the major justification cited by Aboitiz Power Corporation for the higher rate of P5.69 per kilowatt hour (kWh) it offered to Manila Electric Company (Meralco) in their emergency power supply agreement (EPSA)....
AP Renewables Inc. (APRI), a subsidiary of Aboitiz Power Corporation, has tapped American firm Ormat Technologies Inc. as well as Filipino company Desco Inc. for the engineering, procurement and construction (EPC) contract of its 17-megawatt binary project that is integrated into its Tiwi...
Aboitiz Power Corporation broke new ground on its 49-megawatt (MW) battery energy storage system (BESS) installation in the country, as it has pioneered this venture on a distinctive floating platform at its project site in Maco, Davao de Oro. Therma Marine Inc. (TMI), a subsidiary of Aboitiz...
Advent Energy, Inc., one of the licensed retail electricity supplier (RES) subsidiary of Aboitiz Power Corporation, will be supplying renewable energy-generated power capacity to two manufacturing firms in the Visayas. The two new customers of the Aboitiz group are car builder NKC Manufacturing...
Davao Light lines up new substation project By MYRNA M. VELASCO Aboitiz-led Davao Light and Power Co. Inc. (Davao Light) will be pursuing the construction of a new 33-megavolt ampere (MVA) power substation so it can meet load growth spurred by increasing demand of its service area in Davao due to...
Chevron Philippines Inc., the local subsidiary of American energy giant Chevron Corporation, has signed a diesel supply deal with Aboitiz Power Corporation for the latter's power generation plants. Ronaldo S. Ramos, president and chief operating officer of the Oil Business Unit of Aboitiz Power,...
