Listed firm Aboitiz Power Corp. has secured the highest credit rating on its slated third tranche bond issue for this year which targets to raise P10 billion worth of proceeds, including allotment for oversubscription. In a statement, the Philippine Rating Services Corporation (PhilRatings)...
Listed firm Aboitiz Power Corp. (AP) is seeking regulatory approval from the Securities and Exchange Commission (SEC) for its third tranche bond issuance worth P10 billion. The targeted bond issue is part of the P30 billion fixed rate retail bonds that had been set for shelf registration with the...
Looking through the lens of scientific literature, energy infrastructure facilities are seen most vulnerable with the impacts of death-dealing disasters – and this is a gospel truth that even climate change skeptics cannot rebuff. From extreme human stress and suffering to the canary of economic...
Some customers in Cebu may not exactly regain their electricity service by New Year’s day, but their servicing utility Visayan Electric Company (VECO) is striving to achieve 80-percent power supply restoration by January 10 next year. Aboitiz Power Corporation, which is the parent firm of VECO,...
Leading energy firm Aboitiz Power Corporation is stepping up efforts to restore power supply in typhoon-battered Cebu province, prompting it to switch on its oil-fired plant in the city so it can bring back electricity service for consumers in the area. “In response to the affected communities’...
Listed firm Aboitiz Power Corp. has engaged Japanese firm subsidiary JGC Philippines as its engineering, procurement and construction (EPC) contractor for its P4.5 billion 94-megawatt peak (MWp) solar farm installation in Pangasinan. The notice-to-award for the EPC deal was served by Aboitiz...
Aboitiz Power Corporation has committed to their host communities of continued support as it injects more fund to help alleviate the economic woes of people across its project sites. This developed as the Department of Energy (DOE) remitted P714 million to Aboitiz Power. The P714-million financing...
Listed firm Aboitiz Power Corporation will be tapping green bonds as well as the clean energy-leaning loan facilities of the Asian Development Bank (ADB) and International Finance Corporation (IFC) to bankroll its expansion projects – primarily targeted renewable energy (RE) installations. “We...
The Department of Energy (DoE) has categorically countered the planned buy-out and phaseout or retirement of coal-fired power plants in Mindanao, specifying that this is not part of a scenario set in the Philippine Energy Plan (PEP) in the next two decades. “The PEP is not yet looking at...
Aboitiz Power Corp. will funnel a significant portion of the proceeds from its P12-billion second tranche issue to its 74-megawatt solar farm project in Pangasinan. Apart from that, the power firm indicated that the capital raising activity targets to raise fresh cash that it can use “to...
The board of directors of Aboitiz Power Corporation had given go-signal for the second tranche of the company’s bond issuance that is targeting to fetch proceeds of P12 billion. The P12 billion bond issue is part of the company’s P30 billion shelf registration program that was approved by the...
Energy sales of Aboitiz Power Corporation got a boost of 40 megawatts (MW) following the signing of a new power supply agreement (PSA) with Pampanga Electric Cooperative II (PELCO II), the latest customer it cornered for its ‘Cleanergy’ brand. Aboitiz Power Logo In a statement to the media,...
