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 Department of Agriculture (DA) is stepping up efforts to rebuild the country’s hog population while keeping pork supplies steady and prices stable, balancing industry recovery and food security amid the ongoing threat of African Swine Fever (ASF).
The National Grid Corporation of the Philippines (NGCP) announced on Monday lower overall transmission rates that will appear in consumers’ June 2026 electricity bills.
The Department of Energy (DOE) projects mixed fuel price changes this week, amid progress on a US-Iran peace deal that may reopen the key Strait of Hormuz oil route.
President Ferdinand R. Marcos Jr.’s meeting with Russian President Vladimir Putin this week is expected to spotlight energy and food security as the Philippines seeks to diversify strategic partnerships amid persistent geopolitical tensions and volatile global commodity markets.