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 Visayas power grid was placed under a yellow alert today, Tuesday, marking the seventh alert issued in the region this month due to ongoing power plant outages and reduced electricity supply.
The Energy Regulatory Commission (ERC) has approved the National Grid Corporation of the Philippines’ (NGCP) proposed P2.79-billion Laoag power quality improvement project in Ilocos Norte.
The Philippines generated ₱339.76 million in sales leads after a three-city tourism sales mission in India following its participation in the Outbound Travel Market (OTM) 2026 in Mumbai.
The country’s foreign currency reserves remained strong at the end of April 2026, even as the country recorded a wider gap between money flowing in and out of the economy.