Tag: AboitizPower

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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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DOE cracks down on fuel stations defying staggered price hikes; 55 show cause orders issued

The Department of Energy (DOE) has cracked down on fuel retailers that allegedly ignored the government-backed staggered fuel price increase scheme, issuing at least 55 show cause orders to stations suspected of irregular pricing practices.

ACEN profit slides as renewable output surges

ACEN Corp., the renewable energy arm of the Ayala Group, reported a sharp drop in net income for 2025 as weaker power prices, weather disruptions, and asset impairments weighed on earnings despite strong growth in renewable energy output.

Transport chief orders arrest of drivers who overcharge passengers

The Department of Transportation (DOTr) has ordered stricter enforcement against public utility vehicle drivers who overcharge passengers as fuel prices continue to rise.

Manulife keeps watch on Middle East conflict, sees strong start in PH

The Manufacturers Life Insurance Co. (Phils.) Inc. on Monday said it is still assessing the impact of the ongoing regional war in the Middle East on its business in the Philippines. 

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