Therma Luzon, Inc. (TLI), a subsidiary of Aboitiz Power Corporation has renewed its power supply agreement (PSA) with Ibaan Electric Corporation (IEC) for another five-year duration. According to the Aboitiz firm, it will be supplying 10.92 megawatts to the power utility, which the latter will be...
Aboitiz Power Corporation will be holding its annual meeting of stockholders on April 24, 2023, Monday at 1:00 p.m. The meeting will be conducted virtually from NAC Tower, 32nd Street, Bonifacio Global City, Taguig City. The 2023 ASM is accessible through the hyperlink...
At the MOU signing between Amber Kinetics Inc, Aboitiz Power, IKS Co. Ltd, and Kawasaki Heavy Industries Ltd for renewable energy development, President Ferdinand Marcos Jr. is joined by (standing L-R) Sabin Aboitiz, President and CEO, Aboitiz Equity Ventures ; Ed Chua,...
Environmental crusader Carlos Aboitiz on why we should confront our warring opinions on climate justice and energy transition DCIM 100MEDIA DJI_0139.JPG Among the greatest public issues of our time, as drastic as the ongoing Covid-19 pandemic is climate change. The long-term shifts in temperatures...
AboitizPower team members plant a narra tree sapling on the site in Cayanga, Bugallon, Pangasinan province where the company’s 94-MW peak solar power plant will soon rise. The sturdy and durable narra, considered as the Philippines’ national tree, was chosen to symbolize AboitizPower’s strong...
SM Prime Holdings, Inc. (SM Prime), one of the leading property developers in Southeast Asia, has secured a long-term deal with Aboitiz Power Corporation for Cleanergy supply. In a statement, SM Prime said the deal paves the way in achieving its goal of increasing its renewable energy portfolio to...
Aboitiz Equity Ventures Inc. reported a 12 percent dip in consolidated net income to P11.8 billion in the first half of 2022 from the P13.5 billion recorded during the same period last year. In a disclosure to the Philippine Stock Exchange, AEV said it recognized non-recurring gains of P2.7...
AboitizPower Corp. is accelerating its 94-megawatt (MW) solar power project in Cayanga, Bugallon in Pangasinan. Once completed, the Cayanga solar power plant is expected to produce about 147 million kWh of clean energy annually or equivalent to the yearly power consumption of 60,000 average...
THANK YOU. Visayan Electric President and Chief Operating Officer, Raul Lucero (5th from left), and AboitizPower Distribution Utilities Chief Operating Officer, Anton Mari Perdices (7th from left), receive a plaque of appreciation and Cebu cinnamon tree sapling from Gov. Gwendolyn Garcia (6th from...
Aboitiz Equity Ventures Inc. (AEV) and JERA Co. Inc. have finalized the Japanese firm’s acquisition of a 25.01 percent stake in Aboitiz Power Corporation (AboitizPower), following the turnover of the $1.46 billion payment. This also comes after the fulfillment of several conditions, including a...
Aboitiz Power Corporation’s proposed P12-billion bond issuance has been assigned the highest Issue Credit Rating of PRS Aaa, with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings). The AboitizPower bonds have a base issue size of up to P6.0 billion, with an oversubscription...
Aboitiz Equity Ventures (AEV) is selling a 25.01 percent stake in Aboitiz Power Corporation (AboitizPower) to JERA Co. Inc., Japan’s largest power producer, for $1.146 billion in cash. In a disclosure to the Philippine Stock Exchange, AEV said the Aboitiz family’s privately held parent company...
