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...
TORONTO – Investors who are seriously looking at infusing heavy capital for nuclear power projects in the Philippines are decisively assessing concerns on siting as well as certainty of regulatory frameworks being the challenges that could make or break a deal in the resurgence of this...
European firm Mainstream Renewable Power (Mainstream) has signed service contracts with the Department of Energy (DOE) for two greenfield onshore wind power projects to be developed separately at demarcated sites in Luzon and Visayas grids. The service contracts were secured by Mainstream on 100%...
The Aboitiz Group’s investment arm Aboitiz Equity Ventures Inc. (AEV) reported a two percent dip in consolidated net income to P23.5 billion last year from the P24 billion earned in 2022 due to one-time gains. In a disclosure to the Philippine Stock Exchange (PSE), AEV said that, excluding...
Aboitiz Power Corp. (AboitizPower) posted a significant rise in profit last year, buoyed by the strong performance of its generation and distribution businesses. In a disclosure to the Philippine Stock Exchange, AboitizPower reported that its net income from January to December 2023 grew by 27...
The power investment arm of Manila Electric Company (Meralco) will corner the majority stake of more than 40-percent in the $3.3 billion integrated liquefied natural gas (LNG) project originally owned and developed by SMC Global Power Holdings Corp. (SMGP) of the San Miguel group. According to...
CHORDS BY EMMANUEL RUBIO, ABOITIZ POWER CORP. PRESIDENT AND CHIEF EXECUTIVE OFFICER The generation of electricity and the production of food have a give and take relationship as they both require and compete for scarce resources like water and land. Suffice to say that the food value chain — from...
Greenfield as well as expansion generating facilities of Aboitiz Power Corporation will be shoring up power supply in the country this year by additional 400 megawatts – mainly coming from its solar plants that will be reaching commercial stream in the months ahead. In a briefing with reporters,...
Aboitiz Equity Ventures Inc. (AEV) and Coca-Cola Europacific Partners Plc (CCEP) have completed their $1.8-billion acquisition of Coca-Cola Beverages Philippines Inc. (CCBPI) from The Coca-Cola Company (TCCC). In a statement, AEV said CCBPI, the exclusive bottler and distributor of TCCC...
As Global Recycling Day draws near, score a twofold win for the environment by decluttering your home and breathing new life into waste with Smart Recycle PH's “Recycling for Trees” campaign, which converts recyclables into fruit-bearing trees. In partnership with Ramon Aboitiz Foundation...
Aboitiz Infracapital (AIC) has inaugurated the P12 billion Davao City Bulk Water Supply Project (DCBWSP), the largest of its kind in the country boasting a 300-million liters per day (MLD) water production capacity. In a statement, the firm said this transformative infrastructure project is the...
While the Aboitiz Group already has extensive investments in power, infrastructure, real estate, banking, and shipbuilding, it recently made waves with its diversification into the consumer business with its acquisition of a 40 percent stake in Coca-Cola Beverages Philippines Inc. in a $1.8 billion...
