Aboitiz Power Corporation broke new ground on its 49-megawatt (MW) battery energy storage system (BESS) installation in the country, as it has pioneered this venture on a distinctive floating platform at its project site in Maco, Davao de Oro. Therma Marine Inc. (TMI), a subsidiary of Aboitiz...
Advent Energy, Inc., one of the licensed retail electricity supplier (RES) subsidiary of Aboitiz Power Corporation, will be supplying renewable energy-generated power capacity to two manufacturing firms in the Visayas. The two new customers of the Aboitiz group are car builder NKC Manufacturing...
Davao Light lines up new substation project By MYRNA M. VELASCO Aboitiz-led Davao Light and Power Co. Inc. (Davao Light) will be pursuing the construction of a new 33-megavolt ampere (MVA) power substation so it can meet load growth spurred by increasing demand of its service area in Davao due to...
Chevron Philippines Inc., the local subsidiary of American energy giant Chevron Corporation, has signed a diesel supply deal with Aboitiz Power Corporation for the latter's power generation plants. Ronaldo S. Ramos, president and chief operating officer of the Oil Business Unit of Aboitiz Power,...
The profitability of listed firm Aboitiz Power Corporation slightly declined by 2.0 percent to P10 billion in the first half this year from P10.1 billion in the same period last year. Excluding the impact of liquidated damages, business interruption claims and typhoon Odette, Aboitiz Power said the...
AP Renewables Inc. (APRI), a subsidiary of listed firm Aboitiz Power Corporation, is targeting to add at least 17 megawatts into its power generation capacity by pursuing its blueprinted binary geothermal power project in Tiwi, Albay. According to APRI, it will be constructing a binary geothermal...
Leading energy producer Aboitiz Power Corporation will be deploying artificial intelligence (AI) and technology in its bid to bring down electricity costs as well as improve services to onsumers. The technological advancement being employed by the power firm in its operations is in line with the...
Listed firm Aboitiz Power Corporation is in talks with a European company as its prospective partner for experimental venture in carbon capture and storage (CCS) technology to pare carbon emissions, primarily at its coal-fired power facilities. “We’re looking at more realistic ways to reduce...
The consolidated net income of listed firm Aboitiz Power Corporation significantly dropped by 53 percent to P2.9 billion in this year’s first quarter from heftier earnings of P6.2 billion on a comparative period in 2021. The company qualified that last year’s income had just been higher because...
SN Aboitiz Power Group (SNAP), a joint venture between Norwegian firm Scatec and Aboitiz Power Corporation, has tapped Japanese firm Hitachi Energy for the engineering, procurement and construction (EPC) contract of its 20-megawatt battery energy storage system (BESS) project to be installed at its...
The International Finance Corp. (IFC) and AboitizPower Corp. have signed an agreement to help assess the viability of renewable energy as a source of base load power in the Philippines. In a statement, IFC said on Wednesday, March 30, that it was tapped to conduct a joint in-depth study with...
The net income of Aboitiz Power Corporation had soared 66-percent to P20.8 billion last year from P12.6 billion in 2020 on capacity addition of 668 megawatts from the unit 1 of its Dinginin coal-fired power plant and higher capacity injection into the Wholesale Electricity Spot Market (WESM), For...
