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 Philippines has secured nearly P15 billion in World Bank financing to expand clean water and sanitation services in underserved communities, as growing climate risks heighten concerns over water security.
The Department of Transportation (DOTr) is calling on European businesses to explore investment opportunities in the country’s transport infrastructure, with the goal of better mobility and easier daily commutes for Filipinos.
MPCALA Holdings Inc. is advancing the final stretch of the 45-kilometer Cavite-Laguna Expressway (CALAX), bringing closer a continuous transport corridor expected to ease road congestion and improve logistics links across two of Southern Luzon’s key industrial provinces.
The European Union and the Philippines convened their second Security and Defence Dialogue in Manila on today. Both sides reaffirmed their commitment to upholding the rules-based international order and deepened discussions on regional security, with strong focus on maritime security, freedom of navigation and respect for the UN Convention on the Law of the Sea (UNCLOS). The dialogue follows the EU’s announcement of its first European Peace Facility assistance in Asia, a €15 million support package for the Philippines, underscoring the bloc’s commitment to regional stability. The meeting was co-chaired by Benedikta von Seherr-Thoss of the European External Action Service and Philippine Department of Foreign Affairs Undersecretary Leo Herrera-Lim. For Filipinos, this partnership means stronger support for maritime rights, improved regional peace and security, and tangible resources to help keep communities safe.