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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CLI expands Bohol footprint with third residential site 

Cebu Landmasters Inc. (CLI) is expanding its Bohol footprint with a 5.6-hectare residential project in Tagbilaran City, adding a third site as the Visayas-Mindanao developer taps rising housing demand in one of the region’s fastest-growing markets.

SMDC expands Pag-IBIG housing options for Filipino workers

SM Development Corp. (SMDC) is making more of its housing inventory available to Pag-IBIG Fund borrowers, widening homeownership options for Filipino workers, particularly middle-income earners, through government-backed financing.

DA returns to Asia Fruit Logistica after hiatus, pivots to boost exports and farmer incomes 

The Department of Agriculture (DA) has renewed its drive to expand agricultural exports by returning to Asia Fruit Logistica after nearly ten years, reconnecting local fruit sellers with key buyers across the continent’s major fresh produce market.

Over 24M GCash users verified with National ID

More than 24 million Filipinos have used their National ID to verify their identities and open GCash accounts, according to the Philippine Statistics Authority (PSA).

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