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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Locsin urges Padilla to reconsider Duterte support

Actress Angel Locsin has made a deeply personal appeal to Senator Robinhood Padilla to reconsider his support for the Duterte family, offering an early glimpse of how the impeachment proceedings against Vice President Sara Duterte are beginning to test relationships beyond politics. 

TransCo, IEMOP sign deal to manage RE incentive funds

State-run National Transmission Corp. (TransCo) and the Independent Electricity Market Operator of the Philippines (IEMOP) have signed an agreement formalizing how funds for renewable energy incentives are collected and handled.

ERC extends consumer protection measures until October

The Energy Regulatory Commission (ERC) has extended key consumer protection rules for the country’s electricity sector through to the end of October 2026, moving past the original end-of-month deadline.

NFA raises palay buying price, halts rice imports in Iloilo 

The Department of Agriculture has announced two key measures to support rice farmers: a higher minimum purchase price for palay and a temporary ban on rice import arrivals in Iloilo during the upcoming harvest period.

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