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.
Manuel V. Pangilinan-led Manila Electric Company (Meralco) has once again secured the prestigious Four Golden Arrow award, marking another milestone in its commitment to upholding high standards of corporate governance.
SMC Infrastructure is stepping up preparations to handle an expected 10 percent rise in vehicle traffic on its expressways during the upcoming Undas holidays, ensuring safer and smoother journeys for families traveling to visit loved ones.
Italpinas Development Corp. (IDC) is exploring rooftop solar power and electricity cost-saving measures through a partnership with SunShare Philippines Inc., as the property developer seeks to integrate renewable energy solutions into its projects.
As more tourists venture beyond popular Philippine destinations, Globe Prepaid is expanding its Traveler SIM benefits to keep visitors connected while making nationwide travel more convenient and affordable.