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 Philippines is strengthening its trade strategy following gains at the 14th ministerial meeting of the World Trade Organization (WTO), according to Agriculture Secretary Francisco P. Tiu Laurel Jr..
Aboitiz Equity Ventures (AEV) has reported a 14 percent increase in consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) to ₱95.4 billion in 2025, driven by steady performance across its businesses.