The board of directors of Aboitiz Power Corporation had given go-signal for the second tranche of the company’s bond issuance that is targeting to fetch proceeds of P12 billion. The P12 billion bond issue is part of the company’s P30 billion shelf registration program that was approved by the...
Energy sales of Aboitiz Power Corporation got a boost of 40 megawatts (MW) following the signing of a new power supply agreement (PSA) with Pampanga Electric Cooperative II (PELCO II), the latest customer it cornered for its ‘Cleanergy’ brand. Aboitiz Power Logo In a statement to the media,...
Aboitiz Construction will be constructing overhead transmission poles in Lipa City and Malvar, Batangas as part of overall infrastructure reinforcement to improve provision of electricity services to economic zone-locators in that same province. In a statement to the media, Aboitiz Power indicated...
After more than a year of shutdown, the 32-megawatt Manolo Fortich 1 hydropower facility of Hedcor Inc. of the Aboitiz group was finally back on line and has recommenced augmenting power supply for the Mindanao grid. 27297 In a disclosure to the Philippine Stock Exchange (PSE), Aboitiz Power...
A ‘settlement and release agreement’ had been inked between SN Aboitiz Power Inc. (SNAP) and government-run National Irrigation Administration (NIA) on the treatment as well as resolution of concerns for the Magat dam and linked hydro facilities in Northern Luzon - primarily those relating to...
Listed firm Aboitiz Power Corporation had cast capital outlay of P190 billion that it will funnel to diverse renewable energy (RE) projects and up for implementation within a period of 10 years. For that scale of spending on greenfield projects, the company emphasized that its RE capacity under its...
The board of directors of listed firm Aboitiz Power Corporation has approved last week the prepayment of P3.4 billion worth of fixed-rate retail bonds to be enforced September this year. In a disclosure to the Philippine Stock Exchange (PSE), the company noted that it will be “using its existing...
The capacity contributed by its Dinginin power plant which is undergoing commissioning and testing, as well as the higher dispatch of its generation facilities at the Wholesale Electricity Spot Market (WESM) had propped the remarkable 171-percent consolidated net income rise of Aboitiz Power...
Real estate firm NEO, has renewed its power supply agreement (PSA) with Aboitiz Power Corporation for the delivery of renewable energy-sourced electricity to the former’s high-end property developments in Fort Bonifacio Global City. As highlighted by NEO President and CEO Raymond Rufino, sourcing...
Owing to its mandate of ensuring sufficient power supply for the country, the Department of Energy (DOE) has directed Hedcor Inc. to continue running the three generating units of its 70-megawatt Bakun hydropower facility in Benguet province. The power plant had been served with cease and desist...
Consumers in the Luzon grid will be spared from suffering brownouts in the coming weeks if the first 668-megawatt unit 1 of the GNPower Dinginin coal-fired power plant in Bataan can come back on-line by next week, according to the Department of Energy. DOE Director Mario C. Marasigan of the...
At least five power plants in various parts of the country had logged more than 100 days of forced outages, a duration even longer than a ‘honeymoon period’ being accorded by Filipino citizens to a new President of the Philippines. The five plants identified by the Energy Regulatory Commission...
