Tag: AboitizPower

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AboitizPower profit climbs in 3Q on strong hydro, higher margins

Aboitiz Power Corp., the power generation and distribution unit of the Aboitiz Group, posted a net income of P10.6 billion in the third quarter, a 5 percent gain from the year-earlier period, driven mainly by improved margins from its generation segment.

Thunder Consortium wins CBK Hydro bid

Aboitiz Power Corp. said its wholly-owned subsidiary, Aboitiz Renewables, Inc., has received confirmation from the Power Sector Assets and Liabilities Management Corp. (PSALM) that the Thunder Consortium has been awarded the sale and privatization of the Caliraya-Botocan-Kalayaan (CBK) Hydroelectric Power Plant Complex.

AboitizPower gets nod to list fixed-rate bonds on PDEx

Aboitiz Power Corp. said it has secured approval from the Philippine Dealing and Exchange Corp. (PDEx) to list the first tranche of its retail...

300 MW Meralco, AboitizPower EPSA ends

The power distributor Manila Electric Co. (Meralco) is now compelled to temporarily procure supply from the Wholesale Electricity Spot Market (WESM) as the contracted emergency power supply agreement (EPSA) with Aboitiz Power Corp. worth 300 megawatts (MW) ended on Wednesday.

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Philippines pushes ASEAN unity, targets concrete gains

The Philippines is calling for deeper integration within the Association of Southeast Asian Nations (ASEAN), warning that stronger regional coordination is now essential as global uncertainties intensify.

Prime Infra hosts Japanese officials at Batangas LNG facility

Prime Infrastructure Capital Inc. (Prime Infra) hosted a Japanese delegation during a visit to its liquefied natural gas (LNG) complex in Batangas last Friday, the company said Wednesday.

Regulators roll out measures to cushion power price hikes

The Department of Energy (DOE) and the Energy Regulatory Commission (ERC) said steps are in place to help protect consumers from rising electricity costs.

SMFB profit nearly flat in first quarter

San Miguel Food and Beverage Inc. (SMFB) reported a modest 2 percent increase in net income for the first quarter, reaching P11.8 billion from P11.58 billion a year earlier.

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