*Written by Joseph Lacson * *(Chief Investment Officer, Aboitiz Power Corporation) * Dear Beloved Child, “How could you work for the Power Company, Dad?”, you once asked me over dinner. It must have been just after you had a school discussion on various sources of electricity. You were...
CONSOLACION, Cebu – The Consolacion National High School here has received clinic and medical supplies provided by Aboitiz Power Corp. (AboitizPower) and Universal Feed Mill Corp. to benefit their staff, faculty, and students. ABOITIZPOWER Segment Manager for the Visayas Rio C. Colipapa (left) and...
The Energy Regulatory Commission (ERC) will be prioritizing the approval of contracts on the ancillary services (AS) procurements of system operator National Grid Corporation of the Philippines (NGCP) to help address the imbalances and technical stresses being experienced in the country’s power...
AboitizPower and Frabelle Cold Storage donate medical supplies and equipment to Barangay 22, Caloocan City. Â Barangay Captain, Ronald Bautista (second from right), receives the items from representatives of the two companies led by AboitizPower Account Supervisor, Eduard Ybarbia (left), and...
Therma Luzon, Inc. (TLI), a subsidiary of Aboitiz Power Corporation has renewed its power supply agreement (PSA) with Ibaan Electric Corporation (IEC) for another five-year duration. According to the Aboitiz firm, it will be supplying 10.92 megawatts to the power utility, which the latter will be...
Aboitiz Power Corporation will be holding its annual meeting of stockholders on April 24, 2023, Monday at 1:00 p.m. The meeting will be conducted virtually from NAC Tower, 32nd Street, Bonifacio Global City, Taguig City. The 2023 ASM is accessible through the hyperlink...
SM Prime Holdings, Inc. (SM Prime), one of the leading property developers in Southeast Asia, has secured a long-term deal with Aboitiz Power Corporation for Cleanergy supply. In a statement, SM Prime said the deal paves the way in achieving its goal of increasing its renewable energy portfolio to...
Aboitiz Equity Ventures Inc. reported a 12 percent dip in consolidated net income to P11.8 billion in the first half of 2022 from the P13.5 billion recorded during the same period last year. In a disclosure to the Philippine Stock Exchange, AEV said it recognized non-recurring gains of P2.7...
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 Power Corporation’s proposed P12-billion bond issuance has been assigned the highest Issue Credit Rating of PRS Aaa, with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings). The AboitizPower bonds have a base issue size of up to P6.0 billion, with an oversubscription...
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...
ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on...
