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 Tourism Promotions Board (TPB) Philippines has partnered with the Primer Group of Companies to launch "The Philippines by Foot," a new initiative positioning the country as a top destination for walking and mindful travel.
A massive shipment of imported onions left abandoned at the Manila International Container Port (MICP) is now set for disposal after laboratory tests confirmed the cargo poses health risks, intensifying government action against deteriorating perishable imports clogging port facilities.
Once a vital source of food and livelihood for communities in Malapatan, Sarangani, the Sapu Masla River had deteriorated due to poor waste management and slash-and-burn farming practices. Uncontrolled soil erosion from deforested uplands carried silt downstream, turning waters murky, increasing flood risks, and threatening local livelihoods.
The Manila Electric Company (Meralco), led by Manuel V. Pangilinan, and the Philippine National Police (PNP) have reaffirmed their partnership to stop the theft and pilferage of power facilities and materials across Meralco’s service area.