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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ICTSI expands Rio Terminal capacity with new cranes

International Container Terminal Services, Inc. (ICTSI) is ramping up its Brazil operations as its Rio Brasil Terminal (RBT) at the Port of Rio de Janeiro receives two new quay cranes, a move that strengthens its long-term expansion and modernization drive.

Global investors show interest in Philippine railway projects

The Department of Transportation (DOTr) announced on Wednesday that private companies from Singapore and other countries have expressed strong interest in investing in the Philippines' railway sector.

AirAsia brings back low fares for domestic, international flights

AirAsia has reintroduced its signature low fares to encourage more people to travel across its domestic and international routes.

GSIS allocates ₱69.1 million for earthquake damage claims

The Government Service Insurance System (GSIS) has set aside an initial ₱69.1 million in loss reserves to support recovery efforts following the magnitude 7.8 earthquake that struck parts of Mindanao.

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