Negros Power has secured a five-year, 20-megawatt baseload supply contract with Aboitiz Power Corp.’s Therma Visayas, a deal expected to fortify energy security as Central Negros works to fully recover from Typhoon Tino’s damage.
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.
Aboitiz Power Corp.’s retail electricity arm, AdventEnergy, has signed up new customers following the recent expansion of the Retail Competition and Open Access (RCOA) program, making competitive power options available to far more businesses across the country.
Ayala Land Inc. expects leasing to become its main growth engine in 2027 as new malls and hotels mature, betting on recurring income and P55 billion in capital recycling to finance expansion without adding debt.
Microsoft has launched Microsoft Elevate for Educators and supporting resources in partnership with the Department of Education (DepEd), aimed at building teachers’ AI skills and promoting safe, responsible use of the technology in classrooms.
The Asian Photovoltaic Industry Association is pushing the government to replace diesel plants in remote off-grid areas with solar and battery systems, saying the move will lower electricity bills and ease a fast-growing subsidy burden on consumers and the national budget.