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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Waste management project transforms life in Tondo barangay

For years, residents of Barangay 128 in Tondo lived with the heavy burden of Metro Manila’s waste problem. Located near the old Smokey Mountain dumpsite and along Manila Bay, the community endured foul odors from rotting garbage, plastic-choked waterways, and fast-rising floods even during light rains, as local official Wendy Cañeda recalled. Today, however, conditions have greatly improved, thanks to the Eco-Ikot Center launched in October 2024.

Gokongwei Foundation’s ‘Iskolar ni Juan’ techvoc program opens career paths for young Filipinos

The Gokongwei Brothers Foundation (GBF), in partnership with food and beverage industry leader Universal Robina Corp. (URC), operates the Iskolar ni Juan scholarship program to provide young Filipinos—especially those unable to afford college education—with a clear alternative pathway toward stable employment.

Japanese firm brings AI boost to bananas 

Filipino banana growers could soon gain access to advanced artificial intelligence and drone technologies as Japanese agri-tech company E-SupportLink Ltd. moves to expand its operations in the Philippines, potentially accelerating efforts to modernize one of the country’s most important export industries.

Tanita considers Philippines for new ASEAN plant

Japanese health technology firm Tanita Corp. is considering the Philippines as the site of a new export-oriented manufacturing facility, a potential investment that could generate about P2 billion in export sales and create around 500 jobs within five years of operations.

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