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 Power Corp. (AboitizPower) is bracing for a challenging year, with expectations of increased electricity demand, global supply chain uncertainties, and the impact of the El Niño phenomenon creating tight market conditions. In a statement, Emmanuel Rubio, AboitizPower president and chief...
Juan Alejandro Aboitiz has officially started his duties as the new senior vice president of Aboitiz Power (AP) Corp. this November. In a disclosure to the Philippine Stock Exchange, changes in the 2023 General Information Sheet (GIS) have been made to reflect the newly appointed officer....
Aboitiz Power Corp. and South Cotabato Electric Cooperative Inc. (SOCOTECO-I) have collaborated to donate electric supplies to Barangay Benitez in South Cotabato. Based on the 2020 census, the donation would power 1.8 million Filipino households, in line the government’s goal to successfully...
Aboitiz Power Corporation is welcomed by Manila Bulletin as one of its major partners in the upcoming Manila Bulletin Sustainability Forum 2023. This move of one of the Philippine’s largest power producer reaffirms its staunch role in advancing sustainability related endeavors. The...
Vivant Corporation reported that its subsidiary Vivant Energy Corporation and Vena Energy have welcomed AboitizPower (AP), through its subsidiary Aboitiz Renewables Inc. (ARI), into a partnership that will develop, construct and operate a 200-megawatt (MW) wind power plant in Samar. In a disclosure...
The Philippine Stock Exchange (PSE) is removing Metro Pacific Investments Corporation (MPIC) and Aboitiz Power Corporation (AboitizPower) from its benchmark index and replacing them with Bloombery Resorts Corporation and Century Pacific Food Inc. In a memorandum posted on the PSE website, PSE...
Revenue stream from its Dinginin coal-fired power plant had been the main driver of Aboitiz Power Corporation’s income surge to P17.8 billion in the first half, 79 percent jump from P10 billion in a comparative period last year. The income surge was largely boosted during the second quarter...
Listed firm Aboitiz Power Corporation plans to kick off study next year on co-firing ammonia with coal-fed power plants, as a way to pare the carbon intensity of these environment-assaulting power generating assets. “We’re looking at having that [feasibility] study perhaps starting next year....
