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.
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.
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.
Actress Angel Locsin has made a deeply personal appeal to Senator Robinhood Padilla to reconsider his support for the Duterte family, offering an early glimpse of how the impeachment proceedings against Vice President Sara Duterte are beginning to test relationships beyond politics.
State-run National Transmission Corp. (TransCo) and the Independent Electricity Market Operator of the Philippines (IEMOP) have signed an agreement formalizing how funds for renewable energy incentives are collected and handled.
The Energy Regulatory Commission (ERC) has extended key consumer protection rules for the country’s electricity sector through to the end of October 2026, moving past the original end-of-month deadline.
The Department of Agriculture has announced two key measures to support rice farmers: a higher minimum purchase price for palay and a temporary ban on rice import arrivals in Iloilo during the upcoming harvest period.