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.
The Bases Conversion and Development Authority (BCDA) is pursuing at least USD50 million in initial investment from a European aircraft maintenance company, alongside a separate US aerospace manufacturing proposal, as it seeks to expand Clark’s role in the aviation industry.
The Department of Agriculture (DA) is tightening checks on project details and rolling out system-wide improvements after discrepancies were found in coordinates submitted for farm-to-market road (FMR) projects.
A P14.8-billion water supply and wastewater project proposed by Maynilad Water Services Inc. and South Korea’s K-Water for New Clark City has cleared a key hurdle after attracting no competing bid, putting the consortium closer to securing the contract.
BPI Foundation, the social development arm of the Bank of the Philippine Islands, is broadening its nationwide push to boost financial literacy and digital learning, reaching thousands of students and teachers in underserved communities.