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 Maritime Industry Authority (MARINA) has approved a three-month extension for expired or soon-to-expire documents of Filipino seafarers who cannot disembark due to the ongoing security crisis in the Middle East.
In the Agno River Basin, climate science is not just about storms and emissions reports. It is also happening silently underground, where soil keeps a running account of how land use decisions affect carbon storage.
The Department of Environment and Natural Resources (DENR) has ordered sanitary landfill operators across the country to prepare contingency plans for fires and other emergencies, following a nationwide audit of waste facilities.