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Philippine Airports Could Get a Multibillion-Dollar Makeover - Bloomberg

2018-03-15 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (5-0)

Aboitiz Equity earnings dip

2018-03-09 bworldonline
ABOITIZ Equity Ventures, Inc. (AEV) saw its earnings dip in 2017, after incurring higher losses from the operations and refinancing of costs for its power business. (5-0)

Court extends halt order vs implementation of CDO on Pagbilao project

2018-03-05 bworldonline
PAGBILAO ENERGY Corp. (PEC) has secured a 20-day extension of the temporary restraining order (TRO) against the implementation of a directive issued by Pagbilao town officials halting the company’s operations, its parent firm Aboitiz Power Corp. said. (4-0)

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

2018-03-01 bworldonline
Aboitiz Power Corp. told the stock exchange that its unit in Pagbilao, Quezon province was able to obtain a temporary restraining order (TRO) against a cease and desist order served by the town’s local government on its operations. (4-0)

A ticking time bomb in the power sector

2018-02-07 philstar
Like a ticking time bomb, the impasse at the Energy Regulatory Commission – after four of its commissioners were suspended – will not only affect consumers with possible brownouts in the coming summer months, but likely derail the economic takeoff enjoyed by the country during the last two decades. (8-0)

AboitizPower wants binding contract for big ‘captive’ customers

2018-02-05 bworldonline
ABOITIZ POWER Corp. (AboitizPower) wants big electricity users who opt to stay as captive customers of distribution utilities to also be required to enter into a binding contract for a definite period similar to what is imposed on those who switch to retail electricity suppliers (RES). (4-0)

AboitizPower hydro plant receives ISO recommendation

2018-02-03 philstar
MANILA, Philippines — The 70-megawatt (MW) hydropower plant of Aboitiz Power Corp. in Alilem, Ilocos Sur has received an ISO recommendation from  TÜV-SÜD, an internationally accredited certification body. (4-1)

Aboitiz expects improvement in power demand, sales

2018-01-28 philstar
MANILA, Philippines — Aboitiz Power Corp. is expecting an improvement in electricity demand and sales under its power distribution business this year, hinged on the continued economic growth in its franchise areas, its top official said. (4-0)

Solar Philippines says Meralco can save 30% with its P2.99/kWh rate offer

2018-01-28 bworldonline
SOLAR PHILIPPINES Power Project Holdings, Inc. said it had offered 24/7 power at P2.99 per kilowatt-hour (kWh) to Manila Electric Co. (Meralco) after the distribution utility invited price challengers to an unsolicited proposal from another entity for the supply of 414 megawatts (MW). (26-0)

AboitizPower sees power demand growing by 5%

2018-01-28 bworldonline
ABOITIZ POWER Corp. (AboitizPower) expects power demand within the franchise areas of its distribution utilities to grow by 5% in 2018, or better than the growth posted in the previous year, its president said. (4-0)

SNAP seeks FIT perks for Isabela hydro plant

2018-01-25 philstar
RAMON, Isabela, Philippines — SN Aboitiz Power Group (SNAP), the joint venture of SN Power of Norway and Aboitiz Power Corp., is seeking feed-in tariff (FIT) perks for its 8.5-megawatt (MW) Maris Main Canal Hydroelectric Power Plant, which was inaugurated yesterday. (4-0)

Aboitiz firm switches on Norway-backed hydropower plant

RAMON, Isabela—A unit of Aboitiz Power Corp. has inaugurated a project backed by the Norwegian government, a P2.15-billion 8.5-megawatt plant that harnesses power from irrigation released from the Magat Dam. (4-0)

SNAP-Magat confident Isabela plant can qualify for feed-in-tariff

2018-01-25 bworldonline
SN ABOITIZ Power-Magat, Inc. (SNAP-Magat) has asked the Energy department to endorse its 8.5-megawatt (MW) Maris main canal hydroelectric plant in Isabela province to receive the guaranteed rate for 20 years under the feed-in-tariff (FiT) system, an official of the company’s parent firm said. (4-0)

Aboitiz Power backs temporary ERC appointments

2018-01-24 bworldonline
ABOITIZ POWER Corp. has joined calls from industry stakeholders for the President to resolve the impasse at the Energy Regulatory Commission (ERC) after the suspension of the agency’s four commissioners for a year. (7-0)

AboitizPower takes P3.7-B hit with permanent closure of biomass plant

2018-01-15 bworldonline
ABOITIZ POWER Corp. (AboitizPower) is taking a hit of P3.7 billion as it permanently stopped the operations of a biomass power plant because of the lack of organic materials to produce electricity. (5-0)