The profitability of listed firm Aboitiz Power Corporation slightly declined by 2.0 percent to P10 billion in the first half this year from P10.1 billion in the same period last year. Excluding the impact of liquidated damages, business interruption claims and typhoon Odette, Aboitiz Power said the...
AP Renewables Inc. (APRI), a subsidiary of listed firm Aboitiz Power Corporation, is targeting to add at least 17 megawatts into its power generation capacity by pursuing its blueprinted binary geothermal power project in Tiwi, Albay. According to APRI, it will be constructing a binary geothermal...
Leading energy producer Aboitiz Power Corporation will be deploying artificial intelligence (AI) and technology in its bid to bring down electricity costs as well as improve services to onsumers. The technological advancement being employed by the power firm in its operations is in line with the...
Listed firm Aboitiz Power Corporation is in talks with a European company as its prospective partner for experimental venture in carbon capture and storage (CCS) technology to pare carbon emissions, primarily at its coal-fired power facilities. “We’re looking at more realistic ways to reduce...
The consolidated net income of listed firm Aboitiz Power Corporation significantly dropped by 53 percent to P2.9 billion in this year’s first quarter from heftier earnings of P6.2 billion on a comparative period in 2021. The company qualified that last year’s income had just been higher because...
SN Aboitiz Power Group (SNAP), a joint venture between Norwegian firm Scatec and Aboitiz Power Corporation, has tapped Japanese firm Hitachi Energy for the engineering, procurement and construction (EPC) contract of its 20-megawatt battery energy storage system (BESS) project to be installed at its...
The International Finance Corp. (IFC) and AboitizPower Corp. have signed an agreement to help assess the viability of renewable energy as a source of base load power in the Philippines. In a statement, IFC said on Wednesday, March 30, that it was tapped to conduct a joint in-depth study with...
The net income of Aboitiz Power Corporation had soared 66-percent to P20.8 billion last year from P12.6 billion in 2020 on capacity addition of 668 megawatts from the unit 1 of its Dinginin coal-fired power plant and higher capacity injection into the Wholesale Electricity Spot Market (WESM), For...
Listed firm Aboitiz Power Corporation is scaling up its blueprinted 94-megawatt Cayanga solar farm project in Pangasinan with the construction of its commercial development phase seen to start soon. The company said it already broke ground for the proposed solar project, which will serve as a...
The distribution utilities (DUs) owned by Aboitiz Power Corporation will be migrating to cloud computing solutions for the build-up of their information technology (IT) infrastructure as a way to further improve their services to customers. The IT platform of their DUs will be moving away from...
Aboitiz-led Davao Light & Power Co. (Davao Light) has been using plant-based ester oil as insulation fluid for its new transformer facilities and as part of its "greening drive" for its distribution network,. According to the utility firm, it has been allocating P87-million annually for its...
Lima EnerZone, the power distribution subsidiary of Aboitiz Power Corporation (AP) that supplies to Lima Estate in Batangas and its locators, had reinforced its utility network by doubling its capacity to 100 megawatts following the completion of the 69-kilovolt Batangas-Lima line 2. The company...
