Aboitiz Equity Ventures Inc. (AEV) reported an eight percent dip in consolidated net income to ₱17.3 billion in the first nine months of the year, from ₱18.8 billion in the same period last year, as surge in third-quarter earnings was not enough to offset softness in the first half. In a...
BACOLOD CITY – AdventEnergy, the retail electricity supply arm of Aboitiz Power Corp., will provide L’ Fisher Hotel with 673 kilowatts of reliable energy supply and energy performance assessment services designed to optimize its operations. This is AdventEnergy’s first entry into the Western...
Aboitiz Power Corporation (AboitizPower) received its fourth Golden Arrow Award in a row, improving to a 4-arrow recognition after scoring 105.52 out of 130 in the 2024 ASEAN Corporate Governance Scorecard (ACGS). The assessment measures a publicly-listed company’s performance with respect to the...
Aboitiz Power Corp. expects to see improved performance in the second half of the year, driven by new supply deals and stronger plant operations. During the Philippine Stock Exchange’s (PSE) PSE STAR Investor Day, AboitizPower Chief Finance Officer (CFO) Sandro Aboitiz explained that the company...
Independent power producer (IPP) TeaM Energy Corp. has transferred its 735-megawatt (MW) Pagbilao coal-fired power plant to the government, following the expiration of its Build, Operate, and Transfer (BOT) contract. In a statement, TeaM Energy said Friday, Aug. 15, that the turnover to the Power...
Aboitiz Equity Ventures Inc. reported a 27 percent drop in consolidated net income of ₱8.4 billion in the first half of 2025 from the ₱11.5 billion earned in the same period last year due to lower earnings from its power and banking units, coupled with losses of its property and infrastructure...
One of the Japanese partners of Aboitiz Power Corp. (AboitizPower) in the 420-megawatt (MW) Pagbilao-3 coal-fired power plant is moving ahead on the divestment of its stake in the facility as part of an investment realignment to cleaner energy technologies. According to a source privy to the...
BAGUIO CITY – Aboitiz Power has donated 4,400 liters of fuel to local governments in Benguet and Mountain Province to support disaster response efforts following recent weather disturbances that caused widespread flooding, landslides, and power outages across Northern Luzon. The fuel assistance,...
Aboitiz Renewables Inc. (ARI), the renewable energy arm of Aboitiz Power Corp., is poised to begin commercial operations of the largest solar facility in the Visayas. In a statement, the company announced on Thursday, July 24, that it has received the final certificate of approval to connect...
SN Aboitiz Power Group (SNAP) is ramping up its efforts to build more renewable energy (RE) projects beyond hydropower assets. In an ambush interview, SNAP President and Chief Executive Officer (CEO) Joseph Yu said that there are more projects in the pipeline, which hold less than 300 megawatts...
Aboitiz Power Corp. (AboitizPower) announced that a subsidiary of its Therma Power Inc. will construct a battery energy storage system (BESS) in Cebu, which will be slated for commissioning by next year. In a statement, AboitizPower said Therma Power’s East Asia Utilities Corp. (EAUC) will soon...
Aboitiz Power Corporation announced that its oil-fired power plant in Cebu is set to reach the end of its corporate lifespan by next year, a few years after its electrification. In a disclosure to the Philippine Stock Exchange on Tuesday, July 8, Aboitiz Power said that the Cebu Private Power Corp....
