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...
Listed firm Aboitiz Power Corporation is scaling up its blueprinted 94-megawatt Cayanga solar farm project in Pangasinan with the construction of its commercial development phase seen to start soon. The company said it already broke ground for the proposed solar project, which will serve as a...
The distribution utilities (DUs) owned by Aboitiz Power Corporation will be migrating to cloud computing solutions for the build-up of their information technology (IT) infrastructure as a way to further improve their services to customers. The IT platform of their DUs will be moving away from...
Aboitiz-led Davao Light & Power Co. (Davao Light) has been using plant-based ester oil as insulation fluid for its new transformer facilities and as part of its "greening drive" for its distribution network,. According to the utility firm, it has been allocating P87-million annually for its...
Lima EnerZone, the power distribution subsidiary of Aboitiz Power Corporation (AP) that supplies to Lima Estate in Batangas and its locators, had reinforced its utility network by doubling its capacity to 100 megawatts following the completion of the 69-kilovolt Batangas-Lima line 2. The company...
Listed firm Aboitiz Power Corp. has secured the highest credit rating on its slated third tranche bond issue for this year which targets to raise P10 billion worth of proceeds, including allotment for oversubscription. In a statement, the Philippine Rating Services Corporation (PhilRatings)...
Listed firm Aboitiz Power Corp. (AP) is seeking regulatory approval from the Securities and Exchange Commission (SEC) for its third tranche bond issuance worth P10 billion. The targeted bond issue is part of the P30 billion fixed rate retail bonds that had been set for shelf registration with the...
Looking through the lens of scientific literature, energy infrastructure facilities are seen most vulnerable with the impacts of death-dealing disasters – and this is a gospel truth that even climate change skeptics cannot rebuff. From extreme human stress and suffering to the canary of economic...
Some customers in Cebu may not exactly regain their electricity service by New Year’s day, but their servicing utility Visayan Electric Company (VECO) is striving to achieve 80-percent power supply restoration by January 10 next year. Aboitiz Power Corporation, which is the parent firm of VECO,...
Leading energy firm Aboitiz Power Corporation is stepping up efforts to restore power supply in typhoon-battered Cebu province, prompting it to switch on its oil-fired plant in the city so it can bring back electricity service for consumers in the area. “In response to the affected communities’...
Listed firm Aboitiz Power Corp. has engaged Japanese firm subsidiary JGC Philippines as its engineering, procurement and construction (EPC) contractor for its P4.5 billion 94-megawatt peak (MWp) solar farm installation in Pangasinan. The notice-to-award for the EPC deal was served by Aboitiz...
