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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Cebu Pacific opens one-stop service center for OFWs at MCIA Terminal 2

Cebu Pacific (CEB) has launched the new OFW Facilitation Center at Mactan-Cebu International Airport (MCIA) Terminal 2, aimed at making essential travel and government services easier to access for overseas Filipino workers before departure and upon arrival.

MORE’s modernized power grid saves Iloilo from massive outages

Iloilo's modernized power grid may have spared the city the worst of a two-month wave of Visayas outages, a new economic report suggests. 

ERC reforms seek to spur next investment wave

The Energy Regulatory Commission (ERC) is rolling out regulatory reforms aimed at unlocking fresh investments in the power sector, easing grid bottlenecks, and accelerating the Philippines' shift toward renewable energy as electricity demand continues to climb.

NKTI expansion targets regional lead in dialysis care

The National Kidney and Transplant Institute (NKTI) is on track to become Southeast Asia's largest dialysis center after President Ferdinand R. Marcos Jr. ordered the accelerated completion of its new 13-story Hemodialysis Building, a project aimed at expanding access to specialized kidney care amid the country's growing burden of chronic kidney disease (CKD).

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