Aboitiz Power Corp. (AboitizPower) reported a dip in its net income contribution to its parent, Aboitiz Equity Ventures, Inc. (AEV), during the first quarter of 2025.In a disclosure to the Philippine Stock Exchange on Tuesday, April 30, the company said lower prices in the Wholesale Electricity Spot...
Aboitiz Power Corporation (AboitizPower) plans to raise up to ₱30 billion from a planned bond issuance, representing the initial tranche of its new three-year Shelf Registration program of up to ₱100.0 billion.Philippine Rating Services Corporation (PhilRatings) said it has assigned the highest...
Passengers crowd the train entrances at Sants station in Barcelona, Spain, Tuesday, April 29, 2025. (AP Photo/Emilio Morenatti) MADRID (AP) — The cause of Spain and Portugal's widespread blackouts remained a mystery on Tuesday, with some isolated disruption remaining after power was largely...
People wait outside a closed train station, during a major power outage in Barcelona, Spain, Monday, April 28, 2025. (AP Photo/Emilio Morenatti) BARCELONA, Spain (AP) — Officials in Spain and Portugal raced to restore electricity early Tuesday after a huge power outage that grounded flights,...
It's a busy year for Aboitiz Power Corp. (AboitizPower), as it presented six renewable energy (RE) projects and a coal plant expansion up for completion by 2026.During an online briefing on Monday, April 28, Danel Aboitiz, AboitizPower's president and chief executive officer (CEO), disclosed...
The Department of Energy (DOE) lauded the 10-year extension granted to the Power Sector Assets and Liabilities Management Corp. (PSALM), a move that will enable the state-run enterprise to fulfill its remaining obligations.Energy Secretary Raphael P.M. Lotilla said in a statement that PSALM's...
Senator Sherwin Gatchalian on Sunday, April 27 welcomed the 10-year extension of the corporate life of the Power Sector Assets and Liabilities Management Corporation (PSALM) as this would help bring down the cost of electricity in the Philippines. "The extension of the corporate life of the...
ILOILO CITY – The intense summer heat has resulted in a significant increase in electricity prices in the Visayas.This was attributed to the 95.5 percent increase in prices at the Wholesale Electricity Spot Market (WESM), a centralized venue for electricity trading. The prevailing...
RESOURCE CONSERVATION A Hedcor team member and his son participate in a tree planting activity in La Trinidad Hydro in Alapang, Benguet, which harnesses the Balili River.Generating power from renewable energy sources cannot exist in isolation from nature. In the case of hydropower plants, they...
The Global Wind Energy Council (GWEC), an international wind industry association, has identified the Philippines as one of the top markets to watch for wind energy growth.In its 2025 Global Wind Report, GWEC noted that Asia-Pacific (APAC) countries, including the Philippines, Japan, South Korea,...
(Unsplash) Alyansa para sa Bagong Pilipinas senatorial bet Benhur Abalos has reiterated his call to abolish the value-added tax (VAT) on electricity, as well as taxes on fuel exclusively used for power generation.This, as Filipinos face an...
Manuel V. Pangilinan-led Manila Electric Co. (Meralco) has assured its customers of stable, reliable, and continuouselectricity service with personnel ready to attend to customer concerns throughout the observance of the Holy Week. "We join the nation in observing a solemn and safe Holy...
