Tag: AboitizPower

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AboitizPower profit climbs in 3Q on strong hydro, higher margins

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.

Thunder Consortium wins CBK Hydro bid

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.

AboitizPower gets nod to list fixed-rate bonds on PDEx

Aboitiz Power Corp. said it has secured approval from the Philippine Dealing and Exchange Corp. (PDEx) to list the first tranche of its retail...

300 MW Meralco, AboitizPower EPSA ends

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.

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Tropical Hut taps First Gen geothermal power for cost, sustainability

Tropical Hut Food Market, Inc., one of the country’s oldest fast-food chains, has partnered with First Gen Group to power 12 of its branches and its head office with geothermal energy—an effort aimed at better managing operating expenses while reducing environmental impact.

PCIC allocates P187 million for post typhoon farmer insurance payouts

The Philippine Crop Insurance Corp. (PCIC) has earmarked P187 million to provide financial relief to insured farmers who suffered losses from flooding and destruction caused by three typhoons and the intensified southwest monsoon.

Gov’t secures funding for ₱20 rice subsidy until 2028

The government has secured sufficient funding to sustain President Ferdinand Marcos Jr.’s P20-per-kilo rice program through the end of his term in mid-2028, with most newly allocated funds remaining available for deployment, Agriculture Secretary Francisco P. Tiu Laurel Jr. confirmed.

DTI widens export markets as shipments hit record

Philippine exports surged to a record USD54.92 billion in the first seven months of 2026, up 12.9 percent year-on-year, prompting the Department of Trade and Industry (DTI) to widen its push for new markets and overseas buyers for local businesses.

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