While many other power plants fail to deliver during this year’s El Nino-stricken weather temperatures, solar plants have been thriving as ‘powerhouse solution’ in shielding consumers from the wrath of unwanted blackouts or power service interruptions. Rotational brownouts would typically...
Aboitiz Equity Ventures Inc., the investment arm of the Aboitiz Group, expects to improve this year on its performance in 2023 as it starts to benefit from the full year impact of recent major acquisitions. “Suffice to say that we are confident that 2024 will see positive growth as we integrate...
Leading player Aboitiz Power Corporation is scheduling the issuance of notice-to-proceed (NTP) for the construction of the next round of 1,000 megawatts (MW) of greenfield solar farm ventures that it is targeting to bring to commercial operations in the next two years. In a briefing with the media,...
Therma South Inc. (TSI), a subsidiary of Aboitiz Power Corp., emerged champion in the industrial brigade category in the recent Davao City Fire District Fire Olympics. FIREFIGHTERS from Aboitiz Power Corp. subsidiary Therma South Inc. are all smiles after topping the industrial brigade category of...
A new chapter in the professional métier of industry hotshot Emmanuel “Manny” V. Rubio will be unfolding soon, as whispers are getting louder on his appointment as the next chief executive officer of Meralco PowerGen (MGen), the power generation investment arm of Manila Electric Company...
As an integral part of the inaugural dialogue on the Asia Zero Emission Community (AZEC) underpinned by the Japanese and Philippine governments, the Japan Bank for International Cooperation (JBIC) has signed a preliminary deal with three Philippine conglomerates for the development of projects...
A new face of leadership will soon unfold at Aboitiz Power Corporation, as fifth generation scion Danel C. Aboitiz will be ascending to the top post immediately after the retirement of Emmanuel ”Manny” V. Rubio as President and CEO by June 30 this year. An announcement of the company via...
SANTA CRUZ, Laguna -- Aboitiz Power Corp. subsidiary AP Renewables Inc. was named by the province of Laguna as one of its top taxpayers. APRI bagged the award after it was nominated by its host municipalities. APRI was feted by the province of Laguna for being one of its top taxpayers...
The Private Sector Advisory Council (PSAC) has expressed its full support to President Marcos for his visionary approach to fostering economic growth, particularly his commitment to attracting investments, enhancing the skills of Filipino workers, and embracing new technologies. Sabin Aboitiz, Lead...
Following major acquisitions and expansion in 2023, the Aboitiz Group is more than doubling its capital expenditures (capex) to P153 billion this year from the P65 billion spent in 2022 with a majority allotted for its renewable energy projects in the pipeline. In a statement, Aboitiz Equity...
HOUSTON – Japanese firm JERA Co. Inc. has flexed to global energy players and policymakers the ‘portfolio balancing strategy’ of its Philippine partner Aboitiz Power Corporation as the ‘sweet spot’ to their successful business marriage. At the ongoing CERAWeek conference, Aboitiz Power...
Leaning on the robust power generating assets of its various subsidiaries, Aboitiz Equity Ventures (AEV) has sustained its lead as the country’s biggest power producer with total installed capacity of 5,745.221 megawatts, according to data released by the Energy Regulatory Commission. Inching...
