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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PNB fuels Green GSM’s nationwide EV expansion

Green GSM Philippines has secured a P2-billion credit facility from Philippine National Bank (PNB), providing a major financial boost to the expansion of the country’s all-electric ride-hailing network as demand for sustainable urban transport gains momentum.

Gilas Women stumble, but fight still burns

Gilas Pilipinas Women opened their FIBA 3x3 World Cup campaign with two losses on Monday, but not without flashing the grit and resilience that have become hallmarks of the program.

New cranes supercharge Gdynia’s Baltic trade ambitions

The Port of Gdynia is strengthening its position as a major Baltic logistics gateway with the arrival of two new quay cranes at the Baltic Container Terminal (BCT), a key upgrade expected to boost cargo-handling capacity, improve efficiency, and accommodate larger vessels.

AXON lease signals Makati office market strength 

Demand for premium office space in Makati remains resilient despite evolving workplace trends, with AXON Group securing a long-term lease for a property formerly known as Teleperformance Center Ayala, reinforcing confidence in the country’s premier business district.

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