Business

AboitizPower geothermal unit earns fourth IMS certification

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 […]

News

AboitizPower continues to energize Marawi

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 […]

News Features

AboitizPower amps up Brigada Eskwela with first aid and fire safety training

IN its bid to advance business and communities, AboitizPower subsidiary Therma South, Inc. (TSI) amped up its annual Brigada Eskwela with First Aid and Fire Safety awareness trainings for teachers, parents, and students of Inawayan Elementary School (IES) last 28 May 2018.  Nearly 90 TSI team members joined the nationwide activity initiated by the Department […]

Business

AboitizPower ends first quarter 2018 with P4 billion profit

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 […]