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 Sugar Regulatory Administration (SRA) confirmed Bukidnon sugar farmers, millers and local officials carried out a one-week intensive spraying campaign to stop the red striped soft scale insect (RSSI), a pest that cuts sugar content by nearly half.
The Department of Agriculture (DA) and Philippine Statistics Authority (PSA) have strengthened their partnership to improve how agricultural data is gathered and used across the country.
The Energy Regulatory Commission (ERC) has adopted updated regulations covering reliability performance indices and on permissible unplanned outage days for power generating units across the country.