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AboitizPower bullish on 2020

ABOITIZ Power Corp. (AboitizPower) expects new power plants that will post their first full-year operations in 2020 to more than make up for the decline in its profit and revenue figures this year, its incoming president said.

AboitizPower unit buys Vietnam wind power company

ABOITIZ Power Corp. said Friday that a unit signed a deal to buy for around $46 million a Vietnamese company with a 39.4-megawatt (MW) onshore wind power facility.

More Power inks PSA with AboitizPower unit

MORE Electric and Power Co. (More Power), which is poised to take over the power distribution in Iloilo City, has signed another interim power supply agreement (PSA) with one of the country’s largest power producers, Aboitiz Power Corp.

AboitizPower secures $300-million loan facility

ABOITIZ Power Corp. has signed a facility agreement with four foreign banks to obtain a loan amounting up to $300 million, the energy company told the stock exchange on Wednesday.

AboitizPower to raise up to P16.8B from bond offer

ABOITIZ POWER Corp. (AboitizPower) is looking to raise up to P16.8 billion from the issuance of fixed-rate retail bonds within the second half of 2019.

AboitizPower ends contract with Hanjin unit

ABOITIZ Power Corp. walked away from offering a retail electricity supply contract to Hanjin Heavy Industries and Construction Philippines (HHIC-Philippines) ahead of the expiration of their one-year contract in February this year, sparing the energy company from the issues surrounding the financial woes faced by the South Korean company.

AboitizPower unit mothballs power plants due to lack of supply deals

THERMA Mobile, Inc. (TMO) notified Manila Electric Co. (Meralco) that it would physically disconnect from the utility’s system and will de-register as a trading participant in the wholesale electricity spot market, its parent firm Aboitiz Power Corp. said on Monday.

AboitizPower mulling options to finance acquisition of stake in AA Thermal

ABOITIZ POWER Corp. is considering whether to go back to the bond market or source funding from banks to pay for its acquisition of a bigger stake in the coal-fired power plant platform of Ayala-led AC Energy, Inc., the company’s finance official said.

AboitizPower gets SEC go signal to issue 2nd tranche of bonds

ABOITIZ POWER Corp. has received the certificate of permit to sell securities on Thursday from the Securities and Exchange Commission (SEC), it told the...

Hedcor hydroelectric plant fully contracted to 11 distribution utilities

DAVAO CITY — Aboitiz Power Corp. (AboitizPower) subsidiary Hedcor, Inc.’s 69.8-megawatt (MW) hydroelectric plant in Manolo Fortich, Bukidnon is now fully contracted to 11 distribution utilities in Mindanao, nine of which are electric cooperatives and two private firms.

AboitizPower to acquire stake in Ayala thermal assets for $579M

ABOITIZ POWER Corp. has agreed to acquire a stake in the thermal power company of Ayala-led AC Energy, Inc. for $579.2 million, the two companies said on Thursday.

AboitizPower in talks to sell Aseagas biomass plant

ABOITIZ Power Corp. is in talks with two interested parties for the sale of the 8.8-megawatt (MW) biomass power plant in Lian, Batangas under subsidiary Aseagas Corp., which it wrote off for P3.7 billion in January this year.

AboitizPower to issue P15 billion in bonds by Q4

ABOITIZ Power Corp. (AboitizPower) will be issuing P15 billion worth of fixed-rate bonds by the fourth quarter of this year to refinance existing debt.

AboitizPower to issue fixed-rate bonds worth P15 billion in fourth quarter

Aboitiz Power Corp. (AboitizPower) will be issuing P15 billion worth of fixed-rate bonds by the fourth quarter of this year to refinance existing debt. In...

AboitizPower unit expands supply agreement with PGPC

THE renewable energy unit of Aboitiz Power Corp. (AboitizPower) is expanding its agreement with the Philippine Geothermal Production Company, Inc. (PGPC) for the drilling and supply of steam in its Tiwi and Batangas-Laguna power plants.

AboitizPower to issue retail bonds

ABOITIZ POWER Corp. said its board of directors had approved the issuance of fixed-rate retail bonds amounting to P27 billion out of the P30-billion bonds it had registered in 2017 under the shelf registration program of the Securities and Exchange Commission (SEC).

SPC downplays impact of Naga power plant turnover

SPC Power Corp. has downplayed the impact on the company of the recent turnover of a power plant complex in Naga City, Cebu to...

SPC turns over Naga power plant complex to PSALM

SPC Power Corp. has turned over the 153.1-megawatt (MW) gas turbine power plant in Naga, Cebu to the Power Sector Assets Liabilities Management, Inc....

AboitizPower inks power supply deal with Nueva Ecija electric cooperative

ABOITIZ POWER Corp. said an electric cooperative in Nueva Ecija had signed a power supply deal to source 33 megawatts (MW) from the company’s clean energy brand to benefit 10 municipalities of the province.

AboitizPower aims to boost contracted capacity to contestable customers

By Victor V. Saulon, Sub-Editor ABOITIZ Power Corp. is targeting to increase its contracted capacity to contestable customers by at least 100 megawatts (MW) this...

AboitizPower regional expansion a big part of its 2021-2025 plan

A REGIONAL expansion will be a big part of Aboitiz Power Corp.’s new 2025 targets when it holds a strategic planning this year, its...

AboitizPower launches 100-kilowatt solar rooftop installation

Aboitiz Power Corp. (AboitizPower) has launched a 100-kilowatt solar rooftop installation, marking its foray into the small-scale market segment that also further expands its...

AboitizPower creates company for solar rooftop business

ABOITIZ Power Corp. (AboitizPower) is entering the solar rooftop business and has put up a new company that is considering projects in Luzon and...

Pagbilao LGU withdraws cease and desist order against Aboitiz unit

The municipality of Pagbilao in Quezon province revoked the cease and desist order it issued against Pagbilao Energy Corp. (PEC), resulting in the dismissal...

Regional court issues TRO vs Pagbilao’s bid to halt Aboitiz unit...

Aboitiz Power Corp. told the stock exchange that its unit in Pagbilao, Quezon province was able to obtain a temporary restraining order (TRO) against...

AboitizPower sees power demand growing by 5%

By Victor V. Saulon, Sub-Editor ABOITIZ POWER Corp. (AboitizPower) expects power demand within the franchise areas of its distribution utilities to grow by 5% in...

AboitizPower unit prepays $320M loan

ABOITIZ Power Corp. (AboitizPower) on Friday said its subsidiary Therma Power, Inc. (TPI) has prepaid $320 million in loans to several banks. AboitizPower said in...

AboitizPower unit inks $800-M notes facility

ABOITIZ POWER Corp. on Wednesday said its unit GNPower Mariveles Coal Plant Ltd. Co. (GMCP) signed a notes facility agreement amounting to $800 million ...