ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on...
Japanese firm Mitsubishi Power (Philippines) Inc. has bagged a three-year contract for ‘reliability maintenance work’ aimed at improving the capacity availability at the 300-megawatt Therma South Inc. power plant of Aboitiz Power Corporation. The long term service agreement (LTSA), according to...
The consolidated net income of Aboitiz Power Corporation had climbed by a very significant 200-percent in the first quarter to P6.2 billion from a relatively trimmed bottom line of P2.1 billion in the same period last year. The company said it logged non-recurring losses of P29 million within the...
Listed firm Aboitiz Power Corporation has earmarked P23 billion capital expenditures (capex) this year that shall be funneled mainly to the completion of its 1,336-megawatt Dinginin coal-fired power facility and the concretization of pipelined battery energy storage system (BESS) projects. The...
Hedcor Inc., a subsidiary of Aboitiz Power Corporation, that is into run-of-river hydropower ventures, had surpassed its power generation target of 123 kilowatt-hours (kWhs) within first quarter this year, with it logging total generation of 182 kWhs. Hedcor Vice President for Operations Rolando...
With the completion of the south transmission line in Negros Occidental, Aboitiz Power Corporation said its Carlos Sun Power Inc. (SacaSun) has already started doubling its capacity feed to the Visayas power grid. In a briefing with reporters,...
The joint venture of Norwegian firm SN Power and Aboitiz Power Corporation would be stepping back on the implementation of the proposed $1.0 billion Alimit hydropower project due to remaining permitting concern that has yet to be resolved with the host community as well as on the grid connection of...
Owing it to the overall downtrend in demand last year, the core net income of listed firm Aboitiz Power Corporation dropped 27-percent last year to P12.6 billion from a relatively flourishing bottom line of P17.3 billion in 2019. The company stated that it booked leaner non-recurring net gains of...
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...
