The board of directors of Aboitiz Power Corporation has approved the company’s P30 billion peso-denominated fixed rate retail bonds to be issued in tranches. The company said it will file registration for the planned bond issuance under the shelf registration program of the Securities and...
Filipino-led firm SPC Power Corporation has declared P598.620 million worth of cash dividends to its shareholders that shall be payable before the end of this year. In a disclosure to the Philippine Stock Exchange (PSE), the company indicated that the cash dividend was equivalent to P0.40 per...
Japanese firm Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, has cornered the contract for the upgrade of the 458-megawatt Makiling-Banahaw geothermal power facility that is owned and operated by AP Renewables Inc. (APRI) of the Aboitiz group. Under the deal, Mitsubishi...
To enhance energy capacity for the load network of its subsidiary Cotabato Light and Power Company in Mindanao, Aboitiz Power Corporation is pursuing an upgrade of its Malagapas substation in the service area of its power distribution firm. The company said it is in the process of installing a new...
Imelda Schweighart (Philip Cadabuna Photography) Count controversial beauty queen Imelda Schweighart as among those who hate K-Pop now dominating the entertainment scene around the world. In a series of Facebook posts, Imelda has criticized Filipinos who idolize Korean pop culture so much that...
Diversifying conglomerate San Miguel Corporation (SMC) will install a 200-megawatt solar farm to underpin the energy requirements of its P740-billion Bulacan airport project. The company said it wants that mammoth infrastructure venture to become the showcase of ‘clean energy’ investment...
The country’s biggest power generation companies are eyeing to join the competitive selection process (CSP) of Manila Electric Company (Meralco) so they can corner contracts on the utility firm’s future power...
In the midst of a pandemic that halted most business activity for months, 21 Filipino companies managed to maintain their sustainability initiatives and win at the recent Asia Corporate Excellence & Sustainability (ACES) Awards. In awarding ceremonies held online last 10 November, 21 companies...
While it was initially hamstrung by the niggling health crisis, Aboitiz Power Corporation indicated that it will still advance its planned investment expansion in the Southeast Asian region – specifically in Vietnam, Indonesia and...
The power investment unit of San Miguel Corporation (SMC) considerably bucked the odds of electricity demand slump and economic contraction this year, as its three-quarter income climbed by 27-percent to P14.48 billion versus last year’s P11.385 billion in the same period. SMC Global Power...
As a follow-through to Malacanang’s issuance of Executive Order (EO) 116, the Department of Energy (DOE) indicated that it will submit its crafted “nuclear power development plan” to President Rodrigo Duterte next month. “Our timeline is December -- to submit it (nuclear plan) to the...
Diversified conglomerate San Miguel Corporation (SMC) posted a net income of P15 billion for the third quarter of 2020, a full turnaround from the P4.0 billion loss incurred in the first half following the easing of restrictions starting July. Consolidated revenues and operating...
