Business News

DOE calls on Meralco, other DUs to expidite CSP bidding of stalled PSAS

TAGUIG City – Department of Energy (DOE) Secretary Alfonso G. Cusi upheld the recent Supreme Court decision mandating the Competitive Selection Process (CSP) in the public bidding of power supply agreements.  “All affected power industry players must catch up and push under the CSP, those stalled supply agreements for the next 23 years,” he said.  […]

Business News Features

AboitizPower posts 6% income growth to P21.7B in 2018

FOR 2018, AboitizPower recorded a net income of P21.7 billion, 6% higher than the P20.4 billion recorded in the previous year. Non-recurring losses of P2.1 billion were recognized, without which, core net income for 2018 was P23.8 billion, 2% higher YoY (year-on-year). AboitizPower recorded consolidated earnings before interest, tax, depreciation, and amortization (EBITDA) of P51.5 […]

News

Residente ng  San Agapito, Isla Verde magkakakuryente na

TULOY na tuloy na ang Solar Electrification Project sa San Agapito, Isla Verde matapos lagdaan ang  Contract of Lease sa pagitan ng Batangas City Government at ng Manila Electric Company (MERALCO), project proponent, para sa operasyon, maintenance at management services  ng Isla Verde Solar Photovoltaic Plant sa loob ng 25 taon. Ito ay nilagdaan ni […]

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 […]

Uncategorized

NGCP CALABA Energy Corps, nanumpa

By BHABY P. DE CASTRO LUNGSOD NG BATANGAS – Pormal na nanumpa ang mga nahalal na opisyal ng National Grid Corporation of the Philippines (NGCP) CaLaBa (Cavite-Laguna-Batangas) Energy Corps sa isang simpleng seremonya sa tanggapan ng NGCP sa Binan, Laguna kamakailan. Pinangunahan ni Philippine Information Agency (PIA) Calabarzon Regional Director Ma. Cristina C. Arzadon bilang […]

Business

APRI, PGPC sign Geothermal Resources Supply and Services Agreement

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, […]

News

DOE taps more media for greater public understanding of the energy sector

TAGAYTAY City – CREATING advocates for energy programs and initiatives, the Department of Energy (DOE) in partnership with the Philippine Information Agency (PIA) gathered members of the media in CALABARZON for the E-Power Mo: Energy 101 held at the Hotel Dominique last Monday, 23 July. Substantial reporting of energy-related issues requires at least a basic […]

Business

AboitizPower sees solar’s bright future

AMID a rapidly changing energy industry landscape in the Philippines, AboitizPower sees bright prospects for newer technologies such as rooftop solar and deems it critical for power companies to assist customers through this process. Jose Rafael Mendoza, general manager of the newly-formed AP business unit AboitizPower Distributed Energy Inc. (APX), said more people are becoming interested […]