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 Department of Agriculture (DA) has lifted the import ban on domestic and wild birds from Japan, including day-old chicks and hatching eggs, after confirming the country is free of highly pathogenic avian influenza.
The Department of Energy (DOE) is partnering closely with the BARMM Ministry of Environment, Natural Resources and Energy (MENRE) to strengthen energy security, expand access, and develop local resources.
The Department of Energy (DOE) is accelerating its waste-to-energy (WTE) programs following President Ferdinand Marcos Jr.’s renewed directive to turn leftover waste into useful resources, amid growing concerns that garbage building up in waterways is contributing to flooding.
Manila Electric Company (MERALCO), led by Manuel V. Pangilinan, and the Philippine National Police (PNP) have renewed their shared commitment to stop electricity theft and the illegal taking of power distribution facilities and materials.