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 Jollibee Group has expanded its employment program for senior citizens and persons with disabilities (PWDs) through a new partnership with the Baguio City Government.
The Tourism Promotions Board (TPB) Philippines, in partnership with the Asian Institute of Management (AIM), held a graduation ceremony for the first batch of its Market Intelligence Learning and Training Program (MILTP) at AIM’s Fuller Hall.
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is preparing to privatize the 70-megawatt Bakun hydroelectric power plant in Ilocos Sur by the third quarter of 2026.
The National Electrification Administration (NEA) said it already extended P237 million worth of loans to five electric cooperatives (ECs) as of February this year to finance electrification projects.