The Securities and Exchange Commission (SEC) has approved Aboitiz Power Corporation’s planned issuance of fixed-rate bonds worth up to P30 billion. The SEC said AboitizPower may issue the debt securities in one or more series within three years. For the first tranche, the listed...
By procuring clean energy supply from the ‘Cleanergy’ portfolio of Aboitiz Power Corporation, leading green office developer NEO clinched its ‘net zero carbon’ goal; and its buildings bagged 5-star certifications under the “Advancing Net Zero Philippines (ANZ/PH) program”, an entity...
The high cost of advanced metering infrastructure (AMI) technology has been hobbling targets of massive rollout of smart meters in the country, because many Filipino consumers would not be able to afford any abrupt technology shift. According to Jaime Jose Aboitiz, executive vice president and...
SMC Global Power Holdings Corporation, the energy investment arm of San Miguel Corporation and Aboitiz Power Corporation, were among the big-ticket players in the power industry that submitted offers in the competitive selection process (CSP) carried out by Manila Electric Company (Meralco) for its...
The Philippine Competition Commission (PCC) has approved the acquisition by Scatec Solar ASA (Scatec Solar) of 100 percent of SN Power AS (SN Power) from the Norwegian Investment Fund for Developing Countries (Norfund). SN Power has investments in hydro-power businesses in the Philippines...
The local stock market is seen to be weighed down by concern over the impact of the new COVID-19 strain although this may be counterbalanced by excess cash in the system as well as developments overseas. “Next week, we may see sideways movement from the local market with a downward bias. Pandemic...
SN Aboitiz Power-Benguet Inc. (SNAP-Benguet), which is a subsidiary company of Aboitiz Power Corporation in a tie-up with Norwegian firm SN Power, has secured P18 billion unsecured notes facility from two local banks, and it utilized the proceeds to prepay loans for its hydropower facility...
Hedcor Inc., the hydropower subsidiary of Aboitiz Power Corporation, has enforced digital upgrade on its regional control center that is linking its various hydropower facilities in Davao. The newly inaugurated control center connects its five hydropower facilities in Davao City; as well as its...
The board of directors of Aboitiz Power Corporation has approved the company’s P30 billion peso-denominated fixed rate retail bonds to be issued in tranches. The company said it will file registration for the planned bond issuance under the shelf registration program of the Securities and...
To enhance energy capacity for the load network of its subsidiary Cotabato Light and Power Company in Mindanao, Aboitiz Power Corporation is pursuing an upgrade of its Malagapas substation in the service area of its power distribution firm. The company said it is in the process of installing a new...
The country’s biggest power generation companies are eyeing to join the competitive selection process (CSP) of Manila Electric Company (Meralco) so they can corner contracts on the utility firm’s future power...
While it was initially hamstrung by the niggling health crisis, Aboitiz Power Corporation indicated that it will still advance its planned investment expansion in the Southeast Asian region – specifically in Vietnam, Indonesia and...
