AboitizPower had high hopes for 2020 as it anticipated the realization of its growth strategy over the next decade. But three months into what AboitizPower thought would be a stellar year, the COVID-19 crisis brought about an unprecedented impact on the power company, forcing it to transition from significantly growing the business to keeping it […]
In photo: World-class. The MakBan and Tiwi facilities of AboitizPower geothermal business unit, AP Renewables, Inc. (APRI) are among the world’s biggest geothermal power plants, hence, there is a deliberate effort to make sure these remain globally competitive.| AboitizPower subsidiary AP Renewables, Inc. (APRI) successfully retained its Integrated Management System (IMS) certification, which covers […]
MARAWI City — FOR the second time, Aboitiz Equity Ventures and AboitizPower subsidiary Davao Light and Power Company Inc. (DLPC) donated electrical equipment worth PhP 1.9 million to Lanao Del Sur Electric Cooperative (LASURECO) to help restore power to the battle-scarred city of Marawi. DLPC Vice President for Engineering Mark Valencia and Assistant Vice President […]
Aboitiz Power Corporation (AboitizPower) entered into a share purchase agreement with Arlington Mariveles Netherlands Holding BV, an affiliate of AC Energy, Inc. (AC Energy), and a shareholders’ agreement with AC Energy, a wholly-owned subsidiary of Ayala Corporation, for the proposed acquisition of a 49% voting stake and 60% economic stake in AA Thermal, Inc., AC […]
AP Renewables, Inc. (APRI) and Philippine Geothermal Production Company, Inc. (PGPC, formerly Philippine Geothermal Inc.), commit to continue the development of clean geothermal energy with the signing of a Geothermal Resources Supply and Services Agreement (GRSSA) today, August 24, for the supply of steam and drilling of new production wells in the Tiwi and MakBan Geothermal Complex, […]
THE AboitizPower’s new rooftop solar unit recently inaugurated its first project, highlighting its entry into this small-scale market segment while expanding its already diverse Cleanergy portfolio. The new unit, AboitizPower Distributed Energy Inc. (APX), began operating the 100-kilowatt installation on top of the Aboitiz and Co. office in Cebu City in March and has since […]
THE Aboitiz Power Corporation recorded for the first quarter of 2018 a 9% year-on-year (YoY) decrease in its consolidated net income, from P4.4 billion (bn) to P4.0 bn. The Company recognized non-recurring foreign exchange losses on the revaluation of dollar denominated liabilities amounting to P1.2 bn (versus a non-recurring loss of P577 million (mn) during the first quarter of 2017) resulting […]