Negros Power has secured a five-year, 20-megawatt baseload supply contract with Aboitiz Power Corp.’s Therma Visayas, a deal expected to fortify energy security as Central Negros works to fully recover from Typhoon Tino’s damage.
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.
Grab Philippines and MOVE IT are expanding healthcare support for gig workers through a partnership with Maxicare, giving eligible driver-, rider-, and delivery-partners access to free, unlimited medical consultations starting November 2026.
The Credit Information Corp. (CIC) has remitted P169.64 million in dividends to the National Government, marking the state-run credit information agency’s first payout since its establishment in 2008.
The Department of Agriculture (DA) is leveraging the ongoing 3rd Kadiwa ng Pangulo Expo to unlock broader market opportunities for local farmers and fisherfolk.
The Department of Energy (DOE) announced that 10 companies and 14 projects have passed pre-qualification for the country’s first mid-merit natural gas capacity auction, clearing the way for actual bidding soon.