Nagoya, Japan – If Japan’s energy giant JERA Co. Inc. wants to make one truth unmistakably clear, it’s that the energy transition isn’t some one-size-fits-all crusade. Other than the spotlight-grabbing renewables, the hard reality is that repurposing existing coal fleets through ammonia...
One of the Japanese partners of Aboitiz Power Corp. (AboitizPower) in the 420-megawatt (MW) Pagbilao-3 coal-fired power plant is moving ahead on the divestment of its stake in the facility as part of an investment realignment to cleaner energy technologies. According to a source privy to the...
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...
TOKYO, Japan — A Japanese power generation company has assured President Ferdinand "Bongbong" Marcos Jr. of a stable supply of liquefied natural gas (LNG) to support the economic growth of the country. Malacañang photo JERA Co. Inc. president Onoda Satoshi said this during a meeting on Thursday,...
Aboitiz Equity Ventures Inc. (AEV) and JERA Co. Inc. have finalized the Japanese firm’s acquisition of a 25.01 percent stake in Aboitiz Power Corporation (AboitizPower), following the turnover of the $1.46 billion payment. This also comes after the fulfillment of several conditions, including a...
Aboitiz Equity Ventures (AEV) is selling a 25.01 percent stake in Aboitiz Power Corporation (AboitizPower) to JERA Co. Inc., Japan’s largest power producer, for $1.146 billion in cash. In a disclosure to the Philippine Stock Exchange, AEV said the Aboitiz family’s privately held parent company...
