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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)

Meralco to invest in 2 wind farms

2018-01-09 bworldonline
MANILA ELECTRIC Co. (Meralco) is looking to invest around $800 million in two wind farms, its president said, as he disclosed details about the company’s plan to expand its portfolio to include 300 megawatts (MW) of the renewable energy. (7-0)

Power ‘oversupply’: Mindanao’s happy problem

2018-01-07 bworldonline
When stakeholders in Mindanao talk about their power situation these days, among their concerns is electricity oversupply and their plan of action after overcoming years of power outages and thinning capacity reserves. (13-0)

YearEnder: The quest for lower power rates continues

2018-01-02 philstar
MANILA, Philippines — The country’s quest to lower electricity rates has become more difficult to achieve with an impending tax imposition on coal, its major source of power, and the regulatory vacuum following the suspension of Energy Regulatory Commission (ERC) commissioners. (8-0)

AboitizPower unit to supply renewable energy to General Santos City

2018-01-01 bworldonline
ABOITIZ POWER Corp. said its subsidiary has signed a 20-megawatt (MW) renewable energy supply agreement with South Cotabato’s electric cooperative, which is aiming to balance its power generation mix. (4-0)

Aboitiz pays $320 million to settle loan

2017-12-29 philstar
MANILA, Philippines — Aboitiz Power Corp. has paid nearly half of its $650-million loan which was used to partly finance the acquisition of two GNPower coal-fired power plants in Bataan. (44-0)

AboitizPower unit prepays $320M loan

2017-12-29 bworldonline
ABOITIZ Power Corp. (AboitizPower) on Friday said its subsidiary Therma Power, Inc. (TPI) has prepaid $320 million in loans to several banks. (5-0)

AP Renewables gets IMS certification

2017-12-26 bworldonline
A UNIT of Aboitiz Power Corp. has received its Integrated Management System (IMS) certification with zero non-conformance. (4-0)

AboitizPower takes lead in fly ash-to-bricks project

2017-12-21 philstar
MANILA, Philippines — Aboitiz Power Corp. has taken in partners for its Fly Ash Brick Project, a community-based initiative that will produce high-value construction products made from fly ash, a by-product of its coal power plant, as well as plastics. (4-0)

SN Aboitiz to spend $1.75 B for additional 500-MW output

2017-12-19 philstar
MANILA, Philippines — SN Aboitiz Power Group (SNAP), the joint venture of SN Power of Norway and Aboitiz Power Corp., is set to spend roughly $1.75 billion to add another 500-megawatt (MW) capacity of renewable energy projects in the next decade. (4-0)

SN Aboitiz sees improved financials

2017-12-18 philstar
MANILA, Philippines — SN Aboitiz Power Group (SNAP), the joint venture of SN Power of Norway and Aboitiz Power Corp., expects a solid financial performance this year following a strong water inflow in its hydropower projects, its top official said yesterday. (4-0)

SN Aboitiz Power expects 20% rise in sales, profit this year

2017-12-18 bworldonline
THE SN Aboitiz Power (SNAP) group expects to end the year with an “almost 20%” increase in revenues and profits, a top official said. (93-0)

MGen eyes 2 wind projects

2017-12-18 philstar
MANILA, Philippines — Meralco Powergen Corp. (MGen), the power generation arm of Manila Electric Co., is exploring the development of two wind power projects with a combined capacity of 300 megawatts (MW) by next year as it charts its next move toward cleaner technologies. (7-0)

MGen eyes wind energy projects

2017-12-17 bworldonline
MERALCO PowerGen Corp. (MGen) has expanded the reach of its power development plan to include 300 megawatts (MW) of wind energy and a yet-undetermined capacity for pumped storage hydropower and solar energy, company officials said. (7-0)

AboitizPower signs power supply agreement with SURSECO 1

2017-12-17 philstar
MANILA, Philippines — Aboitiz Power Corp. was tapped by the electricity provider of Surigao del Sur to supply two megawatts (MW) of clean energy from its hydropower facilities starting 2018. (4-0)