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...
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...
The Securities and Exchange Commission (SEC) has approved the shelf registration of Aboitiz Power Corp.’s (AboitizPower) ₱100-billion worth of fixed rate bonds and its ₱30-billion offering for the first tranche. In a statement, the SEC said the Commission en banc has considered favorably the...
Aboitiz Power Corporation (AboitizPower) was cited as one of the “Top 50 Employers in the Philippines for 2025” by online job-hunting platform, Kalibrr. According to Kalibrr, being listed is a distinction that highlights “commitment to excellence in employer branding, talent engagement, and...
The ongoing rise of artificial intelligence (AI) sees Aboitiz Power Corporation’s Transition Business Group (TBG) reportedly planning to weave smart technology and data analytics into its coal operations. In a statement this Thursday, May 29, AboitizPower announced that its AI integration will...
Therma South, Inc. (TSI), an Aboitiz Power Corporation subsidiary, recently released 67 hatchlings from the first of five sea turtle (pawikan) nests found along the shoreline of the power plant in Binugao, Toril, Davao City. TSI team members, local barangay officials, and experts from Ridge to Reef...
Aboitiz Power Corp. (AboitizPower) reported a dip in its net income contribution to its parent, Aboitiz Equity Ventures, Inc. (AEV), during the first quarter of 2025. In a disclosure to the Philippine Stock Exchange on Tuesday, April 30, the company said lower prices in the Wholesale Electricity...
Aboitiz Power Corporation (AboitizPower) plans to raise up to ₱30 billion from a planned bond issuance, representing the initial tranche of its new three-year Shelf Registration program of up to ₱100.0 billion. Philippine Rating Services Corporation (PhilRatings) said it has assigned the...
It’s a busy year for Aboitiz Power Corp. (AboitizPower), as it presented six renewable energy (RE) projects and a coal plant expansion up for completion by 2026. During an online briefing on Monday, April 28, Danel Aboitiz, AboitizPower’s president and chief executive officer (CEO), disclosed...
Two months after announcing its plans to decommission the Naga Oil-fired power plants, Aboitiz Power Corporation has announced the successful disconnection of the facilities from the grid. In a disclosure to the Philippine Stock Exchange on Wednesday, April 16, AboitizPower said that its...
