Aboitiz Power - updates

Rappler's latest stories on Aboitiz Power


DA, DILG to provide solar water systems for off-grid barangays

Jul 09, 2019 - 1:55 PM

The Department of Agriculture and the Department of the Interior and Local Government will team up to provide water for irrigation as well as for drinking to far-flung barangays

Photo from Shutterstock

Next AboitizPower CEO won't come from Aboitiz clan

Apr 22, 2019 - 9:20 PM

(UPDATED) AboitizPower COO Emmanuel Rubio will be the company's president and CEO effective January 1, 2020

AboitizPower begins operating coal plant in Toledo, Cebu

Apr 16, 2019 - 4:05 PM

The coal plant will deliver power to Visayan Electric Company and electric cooperatives, as well as to open-access customers in Luzon and the Visayas

UP AND RUNNING. The Therma Visayas coal power plant in Toledo City, Cebu, is now operational. Photo from Aboitiz Power Corporation

Power firms deny collusion allegations

Apr 15, 2019 - 5:10 PM

Aboitiz Power Corporation's Manny Rubio says companies won't connive to cause power outages, as these are bad for business

CA says ERC can hear case vs Meralco, Aboitiz subsidiaries

Jul 01, 2018 - 3:45 PM

The Court of Appeals junks the petition filed by Meralco and two Aboitiz subsidiaries seeking to dismiss a complaint filed by the Energy Regulatory Commission's investigating unit

AboitizPower ventures into solar rooftops

Apr 02, 2018 - 4:45 PM

The power firm sets up a new unit called AboitizPower Distributed Energy, which is eyeing projects in Luzon and the Visayas this year

AboitizPower ready to take over Negros solar power project

Jan 02, 2018 - 6:45 PM

The 59-megawatt peak (MWp) solar photovoltaic power generation project is seen to be one of the largest solar power projects in the Philippines to date

AboitizPower expands hydroelectric business

Nov 19, 2017 - 8:45 PM

The company's latest facility is the $47-million Maris hydroelectric power plant in Isabela, which took two years to build

GREENFIELD HYDRO. The $47-million Maris hydroelectric power plant is the first greenfield project of SN AboitizPower, which took the firm two years to build. Photo from AboitizPower

LOOK: First half core profit of Meralco and AboitizPower

Aug 04, 2017 - 7:33 PM

Meralco s core net income slightly declines to P10 1 billion in the first half of 2017 while that of AboitizPower slightly increases to P10 5 billion

DRIVERS. Meralco's core net income declines due to lower retail revenues while AboitizPower's core net income increases on the back of new power plants. File photo

Proposed SEC rule to hit San Miguel, PAL Holdings, Andrew Tan firms

Jun 17, 2017 - 10:49 AM

About 68 listed Philippine firms including 4 Andrew Tan led businesses will need to sell more shares to the public if SEC hikes the minimum public float to 20

RAISE. The SEC proposed to double the minimum public float level to 20% by July 1, 2017.

Eton taps Aboitiz for power supply

Jun 11, 2017 - 11:40 PM

Under the agreement Eton Properties will be sourcing 5 2 MW from the MakBan Geothermal Power Plant in Batangas

ENVIRONMENT FRIENDLY. The real estate developer is creating more office spaces that are environment-friendly to optimize the continuous growth of the business process outsourcing (BPO) industry

AboitizPower explores Myanmar, Indonesia amid PH power oversupply

Mar 15, 2017 - 7:15 PM

With the current situation the Philippines second largest power producer by capacity says local firms can only grow by expanding outside the country or buying out competitors

GROWTH OPPORTUNITIES. AboitizPower is doing feasibility studies in Myanmar and Indonesia for possible hydropower projects. Rappler file photo

AboitizPower exits geothermal exploration in Indonesia

Jan 31, 2017 - 4:38 PM

Aboitiz says it will step aside to allow its partner PT Medco Power Indonesia to proceed with the exploration and development of a potential geothermal power plant in Ijen East Java Province

WITHDRAW PLANS. Aboitiz steps aside to allow its partner, PT Medco Power Indonesia, to proceed with the exploration and development of a potential 2x55-megawatt (MW) geothermal power plant in Ijen, East Java Province. Rappler file photo

SC orders awarding of Naga Power Plant to Aboitiz's Therma Power

Oct 13, 2016 - 6:45 PM

A high court ruling gives the operation and ownership contract of the Naga Power Plant Complex to AboitizPower s Therma Power Visayas Incorporated

COURT RULING. The high court upholds the validity of PSALM’s public bidding of the Naga Power Plant in Cebu, which was then awarded to Aboitiz Power’s Therma Power Visayas Incorporated. Rappler file photo

DOE chief Cusi: Arroyo, Aboitiz have nothing to do with my post

Jul 04, 2016 - 5:10 PM

Cusi says his capabilities as new DOE chief are not defined by his friendship with the Arroyos and his former post at Aboitiz Shipping

COMPETITORS. 'Let us put it this way: They are my competitors. I have been out of Aboitiz since 1990. I have been on my own business since 1991,' New DOE chief Alfonso Cusi says. Photo by Chrisee Dela Paz/Rappler

AboitizPower eyes Chevron's PH, Indonesian geothermal assets

May 16, 2016 - 7:00 PM

These assets which could be for sale next year include one of the world s largest geothermal operations

'NIA, not Aboitiz, to blame for Cagayan Valley floods'

Jan 04, 2016 - 5:03 PM

The irrigation agency is facing legal action over the release of water from Magat Dam which caused flooding

SUBMERGED. Flood waters submerge a low-lying area of Tuguegarao City. Photo by Maila Que

Cagayan priest to sue Magat Dam operator over floods

Dec 22, 2015 - 4:50 PM

UPDATED The priest says that when SN Aboitiz Power Group released water from Magat Dam at the height of Typhoon Nona Melor it caused head high floods and damaged crops

Meralco: Competitive Selection Process will hurt consumers

Nov 02, 2015 - 6:00 AM

The policy is illogical and not in consumers interest as it gives gencos the power to dictate prices says the head of the distribution utility Manuel Pangilinan

AboitizPower sets geothermal project in Indonesia

Sep 21, 2015 - 5:16 PM

AboitizPower International Pte Ltd enters into an agreement with PT Medco Power Indonesia for the exploration and development of a potential greenfield geothermal plant in East Java Province

OPPORTUNITIES. AboitizPower CEO Erramon Aboitiz earlier says the power firm is looking at opportunities abroad, particulalry in Southeast Asia and the Pacific.

How's the weather today? Check it in your smart phones!

Aug 03, 2015 - 12:30 PM

WeatherPhilippines app is now available for Android and iOS

STORM TRACKER. Tacloban Disaster-Risk Reduction Management Officers learning how to track a storm. Photo from WeatherPhilippines Photo from WeatherPhilippines

Prebid terms for Mindanao power plant output ready by Sept

Jun 13, 2015 - 3:10 PM

New power plants of Aboitiz Power Alsons and San Miguel Corporation are expected to be put up by the first half of 2016

LOCK-IN PERIOD. Imposed lock-in period between the winning bidder and the off-taker would discourage investors to participate in the bidding, Energy secretary Carlos Jericho Petilla says

Pinoys join global call for Norway fossil fuel divestment

May 23, 2015 - 10:10 PM

Campaigners say Norwegian pension funds 50 70 of Philippine coal plants

Mindanao blackout not cause of damage to Aboitiz plant

May 17, 2015 - 10:19 PM

The blackout should not be used as an excuse for a 10 month delay in commissioning a new Davao power plant Petilla says

DOE plans to delay Mindanao coal plant privatization

May 10, 2015 - 9:26 PM

Energy Secretary Petilla says an early auction could cause price shocks and he wants to wait until other plants are built first

Meralco-led consortium resumes 600-MW Subic coal plant

Feb 04, 2015 - 2:02 PM

Now that the Supreme Court has ruled in favor of its 600 megawatt power plant RP Energy hopes to complete construction in 3 and a half years

SN Aboitiz Power Group develops hydropower complex in Ifugao

Aug 08, 2014 - 5:12 PM

The planned 350 MW power facility marks the company’s first major project under its Greenfield Development Program

Aboitiz Power taps 2 firms for P41-B power plant in Cebu

Jun 02, 2014 - 1:45 PM

The project is expected to be finished by 2017 a critical year for the Visayas grid

PEC borrows P33.3B to build Pagbilao Unit 3

May 16, 2014 - 3:47 PM

An omnibus agreement has been signed with a consortium of lender banks for loans and credit accommodations to finance the construction of Unit 3 of the coal fired plant

Pagbilao plant

Aboitiz Group Q1 profit down on lower power, bank earnings

May 07, 2014 - 1:11 PM

But the holding firm s food and real estate units performed well during the quarter

Aboitiz group sets P78B power investments

Jan 29, 2014 - 12:47 PM

Bulk of the group s capital expenditures for 2014 will go to power in response to the country s need for additional generating capacity

Outcome of power producers 'collusion' probe out soon

Jan 05, 2014 - 6:29 PM

A committee composed of the Energy Regulation Commission the Department of Energy and the Philippine Electricity Market Corporation is investigating the reason for the steep increase in Meralco s rates

NO HIKE YET. File photo of Filipinos lining up for the electric bill subsidy given by the government in 2008. Photo from EPA/ Rolex dela Cruz

Market abuse? DOJ sets probe amid Meralco price hike

Dec 16, 2013 - 2:42 PM

DOJ will look into allegations of unfair business practice by power firms to increase the price hike of Meralco 3 times more than expected

Pagbilao plant to add 400MW capacity

Sep 29, 2013 - 6:57 PM

Team Energy taps Japan s Marubeni to expand the capacity of the 735 MW Pagbilao coal fired plant in Quezon

EXPANSION. Team Energy and parent Marubeni of Japan will expand the capacity of the Pagbilao coal plant in Quezon. File photo by Rolex dela Pena/EPA

Aboitiz Equity Q1 income up 17% to P6.8-B

May 03, 2013 - 12:02 PM

One time gains like the P1 3 B proceeds from sale of City Savings Bank lifted Aboitiz Equity Holdings 17 first quarter financial performance

Aboitiz Power posts 13% jump in 2012 profit

Mar 06, 2013 - 11:53 AM

The company generates more output and enjoys higher selling prices

Erramon Aboitiz, president and chief executive of Aboitiz Equity Ventures, poses for a photo in front of his office in Cebu City. Photo by AFP

Aboitiz Equity 2012 income lifted by power unit

Mar 06, 2013 - 11:15 AM

The holding firm of the Aboitiz family records higher income contributions from all units especially its power generation and distribution arm

Erramon Aboitiz, president and chief executive of Aboitiz Equity Ventures, poses for a photo in front of his office in Cebu City. Photo by AFP

Aboitiz eyes 300-MW coal plant in Cebu

Feb 17, 2013 - 5:12 PM

The plan to build the plant however has yet to be approved by the company s board

SOLVING A CRISIS. The Aquino administration vows to find solutions to the Mindanao energy crisis and put into place sustainable power supply for the region.

Aboitiz to invest P85-B over 4 years

Feb 16, 2013 - 5:21 PM

Prevailing healthy economic and low interest rate environment benefit this capital intensive industry says power executive Erramon Aboitiz

COMPETITION. Erramon Aboitiz says industry competition will reduce power costs. Photo by @PPP_Ph on Twitter

INFOGRAPHIC: Top power players in the Philippines

Jan 16, 2013 - 4:41 PM

San Miguel leads the biggest privately controlled power producers in the country

AboitizPower posts P18-B profits, up 13% in 9-mo

Oct 31, 2012 - 12:35 PM

Higher power sales and one time gains hiked Aboitiz Power Corp s profits 13 to P18 4 billion from P16 2 billion in the first 9 months

Aboitiz to spend P170-B on power, mainly in Mindanao

May 25, 2012 - 9:31 AM

Amid a power shortage in Mindanao Aboitiz Power will be pouring funding into new generation projects in the southern Philippines

Aboitiz to build new hydropower facilities in Bukidnon

May 24, 2012 - 9:35 AM

Aboitiz unit Hedcor will construct two run of river hydroelectric plants that will help boost power supply in Mindanao

Aboitiz Power Q1 profit jumps 10% to P5.6B

May 04, 2012 - 3:40 PM

The power generation and distribution arm of the Aboitiz family says sales picked up due to more economic activity

Aboitiz to shell out P35B for new power in Mindanao

Apr 26, 2012 - 6:47 PM

Aboitiz Power will add 354 megawatts of generating capacity in the region where there is supply shortage