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NPA claims attack on Mt. Province hydro plant

BAGUIO CITY—The New People’s Army (NPA) on Thursday took credit for the Oct. 10 attack on the sub-station of a hydroelectric power plant at the Mt. Province town of Bauko, which briefly disrupted power throughout the province. (4-0)

Parts of Mt. Province lose power after armed men attack hydro plant

BAGUIO CITY – Armed men attacked the 14-Megawatt Sabangan Hydroelectric Power Plant on Tuesday night in the Mountain Province town of Bauko, disrupting the electricity supply of the whole province, a councilor of Sabangan town said on Wednesday. (4-0)

FMIC urges Taiwan investors to explore opportunities in Phl

2017-10-07 philstar
MANILA, Philippines — First Metro Investment Corp. (FMIC), the investment banking arm of the Metrobank Group, urged Taiwanese institutional investors to explore and take advantage of business opportunities in the Philippines. (4-0)

EV charging outlets soon at Shell gas stations

2017-10-07 philstar
MANILA, Philippines — Running low on battery power while on the road? Soon, Shell gasoline stations will cater to a different market – that of electric vehicle (EV) users – when it starts offering battery charging stations in select outlets before the year ends. (4-0)

AboitizPower keen on bid for 630-MW Masinloc plant

2017-09-14 philstar
MANILA, Philippines —  Aboitiz Power Corp. is aggressively positioning in the bidding for the 630-megawatt (MW) Masinloc power plant in Zambales by American energy giant AES Corp., which is expected to close within the year, its top official said. (1-0)

AboitizPower prepares bid for Masinloc plant

2017-09-14 bworldonline
ABOITIZ POWER Corp. is in the advanced stage of preparing its bid for AES Corp.’s controlling stake in the 630-megawatt (MW) coal-fired power plant in Masinloc, Zambales, its top official said. (1-0)

Aboitiz takes jeepney in a new direction

A newly formed startup is betting big that more Filipinos will shift to electric vehicles in the coming decade.

Aboitiz Equity profit up 3% to P5.6 B in Q2

2017-08-02 philstar
MANILA, Philippines -  Aboitiz Equity Ventures Inc. (AEV) posted a three percent increase in its second quarter consolidated net income to P5.6 billion.

AEV nets P10.3B

Aboitiz Equity Ventures Inc. (AEV) booked a six-month net profit of P10.3 billion, down by 2 percent year-on-year mostly due to foreign exchange losses that curbed the earnings of its flagship power business.

AP Renewables bags special environment award

2017-07-29 philstar
MANILA, Philippines - AP Renewables Inc. (APRI), the renewable energy company of Aboitiz Power Corp., has bagged the Special Environmental Achievement Award at the 17th Saringaya Awards of the Department of Environment and Natural Resources Region 5  (DENR-V) for its sustained commitment to helping protect the environment.

DOE puts spotlight on reliable power supply

2017-07-27 philstar
MANILA, Philippines - Securing reliable power supply and access to electricity for every household has been the core focus of Energy Secretary Alfonso Cusi and his team in the first year of the Duterte administration.

Government should start rehab of Agus hydro power plants

2017-07-23 philstar
MANILA, Philippines - The government should start the rehabilitation program of the decades-old Agus hydroelectric power plants amid the power surplus in Mindanao, Aboitiz Power Corp. president and chief operating officer Antonio Moraza said.

QEV Philippines seeks government assistance in e-jeepney plan

2017-07-22 philstar
MANILA, Philippines - Local start-up QEV Philippines Electromobility Solutions and Consulting Group Inc. (QEV Philippines) is seeking government assistance to convert 10,000 jeepneys to electric-jeepneys, estimated to cost P6 billion, starting 2018.

Meralco, AboitizPower may bid for Masinloc power plant

2017-07-21 philstar
MANILA, Philippines - Manila Electric Co. (Meralco) and the Aboitiz Group have expressed interest in the sale of the 630-megawatt (MW) Masinloc power plant in Zambales as American energy giant AES Corp. mulls its exit in the Philippines.

AboitizPower sets $500-M budget in 5 years

2017-07-19 philstar
MANILA, Philippines - Aboitiz Power Corp. is spending $500 million over the next five years to meet its 4,000-megawatt (MW) capacity target and support its expansion overseas, a ranking company official said yesterday.

SBMA clears $798 M Singapore investments

2017-07-15 philstar
MANILA, Philippines - The Subic Bay Metropolitan Authority has bagged the country’s first single biggest foreign direct investment this year with the recent approval of a $798.4 million project of  Singapore-based Dynamic Konstruct International Eco Builders Corp.

Hedcor secures town clearance to expand Benguet hydro plant

2017-07-11 philstar
MANILA, Philippines - A unit of Aboitiz Power Corp. is pushing through with the expansion of the 25-year old run-of-river hydropower plants in La Trinidad, Benguet after securing approval from the municipal council.

Stock index posts slight gain

Reversing a slight decline in early trade, the Philippine Stock Exchange index added 14.88 points or 0.19 percent to close at 7,848.84.

PSEi slightly up ahead of FOMC minutes

The PSEi was led higher by Ayala Corp., Robinsons Land and Aboitiz Power, which all gained over 1 percent.

AboitizPower lists P3-B bonds

2017-07-03 philstar
MANILA, Philippines - Aboitiz Power Corp. started trading yesterday P3-billion worth of fixed-rate retail bonds at the Philippine Dealing and Exchange Corp. (PDEx).

Aboitiz Power raises P3B from bond float

In the photo from left are BPI Capital Corporation President Juan Carlos L. Syquia, Aboitiz Equity Ventures, Inc. (AEV) Chief Financial Officer Manuel R. Lozano, Aboitiz Power Corporation Chief Financial Officer Liza Luv T. Montelibano, AEV Group Treasurer Gabriel T. Mañalac, PDS Group President and CEO Cesar B. Crisol, and Philippine Dealing & Exchange Corp. President and COO Antonino A. Nakpil.

PH stocks slump as local investors awaited BSP rate action; foreign investors net buyers

The local stock barometer yesterday slipped ahead of the announcement of Bangko Sentral ng Pilipinas (BSP)’s latest monetary policy.

How a Japanese company is contributing to a nation’s progress

As the Philippines and Japan pledge to strengthen economic ties under the administration of President Rodrigo R. Duterte, Japanese investments are seen to play a vital role in the country’s progress and development.

AboitizPower to issue P30 B fixed-rate bonds

2017-06-16 philstar
MANILA, Philippines - The Securities and Exchange Commission (SEC) has approved Aboitiz Power Corp.’s plan to issue up to P30 billion fixed-rate retail bonds to finance projects.

Aboitiz firm powers Eton BPO buildings

2017-06-11 philstar
MANILA, Philippines -  Aboitiz Power Corp. and Lucio Tan-led Eton Properties Philippines Inc. have tied up for a clean power supply for the latter’s business process outsourcing (BPO) projects.