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 […]

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‘Let there be light!’  Solar electrification sa Isla Verde, andar na

By JOENALD MEDINA RAYOS ISLA VERDE, Batangas City – “Noon ay pangarap pa lamang, ngunit ito na ngayon ang katuparan – mula ngayon, magiging maliwanag na buhay ng mga tagarito sa Isla Verde.” Ganito inilarawan ni Mayor Beverly Rose A. Dimacuha ang matagumpay na proyekto ng paghahatid ng electripikasyon sa Isla Verde na sinimulan sa […]

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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 […]

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Kontrata para sa Solar Electrification sa San Agapito, Isla Verde, nilagdaan na

ISLA VERDE, Batangas City — 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 […]

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 […]

Business

AboitizPower invests in AC Energy’s thermal power company

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 […]

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, […]

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 […]

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AboitizPower unit launches first rooftop solar project

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 […]