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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New UAE-PH agreement targets seamless cross-border payment system

The central banks of the Central Bank of the United Arab Emirates and the Bangko Sentral ng Pilipinas have signed a Memorandum of Understanding (MoU) to strengthen financial cooperation and support stronger trade between the United Arab Emirates and the Philippines.

Banks, automakers join Grab to offer cheaper EV loans for drivers

Grab Philippines has launched Southeast Asia’s largest green transport coalition, aiming to help ride-hailing drivers shift to electric and hybrid vehicles through more affordable and easier financing options.

UK sees strong Philippine trade investment momentum growth

The British envoy to the Philippines reaffirmed the United Kingdom’s commitment to deepening economic ties, highlighting strong fundamentals and reform momentum driving growing confidence among UK investors.

MPower expands reach with 60-store Starbucks PH contract

MPower, the retail electricity arm of Manila Electric Company, has signed an agreement with Rustan Coffee Corporation to supply electricity to selected Starbucks branches in Metro Manila.

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