Company Overview and News

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5,000 MW capacity projected for Mindanao grid by 2030

16h bworldonline
DAVAO CITY — An additional power supply of about 3,000 megawatts (MW) is projected to be required by the Mindanao grid by 2030, according to Mindanao Development Authority (MinDA) Assistant Secretary Romeo M. Montenegro.
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SPC turns over Naga power plant complex to PSALM

20h bworldonline
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. (PSALM), ending the legal tussle over the ownership of the asset.
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PSEi keeps pace with optimistic Asian neighbors, marking 3rd day of rally

2018-07-12 business.inquirer.net
The local stock barometer gained for the third straight session yesterday, tracking mostly firmer regional markets.
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Lessons from the Energy Policy Development Program

2018-07-11 bworldonline
Next week, the Energy Policy Development Program (EPDP), a USAID-funded project implemented by the UP Economics Foundation, will have its last lecture and the launch of a book that incorporates conferences, lectures, and seminars the program has sponsored over the last four years.
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How safe are utility stocks in a market downturn?

2018-07-10 business.inquirer.net
Investing in utility stocks has been traditionally regarded as a classic defensive strategy, especially in times of market volatility, because utilities are relatively more stable than nonutility stocks.
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2 firms keen on bidding for Zamcelco contract

2018-07-08 bworldonline
ZAMBOANGA CITY — Financially troubled Zamboanga City Electric Cooperative, Inc. (Zamcelco) is aiming to finally award an investment management contract (IMC) by Aug. 2 after two bidders submitted letters of intent.
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Quezon townsfolk protest 3rd coal plant

2018-07-07 newsinfo.inquirer.net
FIGHTING COAL Residents of Atimonan town, Quezon, and members of the group Power for People rally on Ortigas Avenue on June 5 to protest the continued construction of another coal power plant in Quezon province.—NIÑO JESUS ORBETA
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Duterte: NPAs also to benefit from power plant

2018-06-01 newsinfo.inquirer.net
FOR STABLE SUPPLY President Duterte (center) joins officials of Aboitiz Power and TeaM Energy at the inauguration of the 420-megawatt Pagbilao 3 power plant in Quezon province on Thursday. Seated with Mr. Duterte are (front row, from left) Jera Co. Inc. Senior vice president Toshiro Kodama, Energy Secretary Alfonso Cusi, Aboitiz Power chair Erramon Aboitiz; and Marubeni Corp. senior executive officer Yasuo Hirota.
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Duterte hopes new oil mine in Cebu to uplift Filipinos

2018-06-01 newsinfo.inquirer.net
PAGBILAO, Quezon – President Duterte has expressed hope the newfound oil reserve in Cebu province could save the Filipino people from poverty.
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420-MW Pagbilao plant seen to boost electricity supply in Luzon

2018-05-31 bworldonline
PAGBILAO, Quezon — Aboitiz Power Corp. and TeaM Energy Corp. have formally launched on Thursday the 420-megawatt (MW) coal-fired power plant in Pagbilao, Quezon that is expected to boost electricity supply in Luzon.
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BusinessWorld Economic Forum 2018 tackles realities of disruption

2018-05-31 bworldonline
Last May 18, BusinessWorld, the most read and most respected business newspaper in the Philippines, triumphantly staged the third edition of its annual BusinessWorld Economic Forum in the Grand Ballroom of Grand Hyatt Manila, in Bonifacio Global City, Taguig City.
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RP Energy seeking contractor for 600-MW power project in Zambales

2018-05-29 business.inquirer.net
A unit of the Manila Electric Co. is now considering to look for a new contractor to build a planned 600-megawatt power plant at the Redondo Peninsula in Zambales as the previous contractor had proposed a new contract that would make the project nonviable.
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Positive and negative disruptions in the electricity market

2018-05-27 bworldonline
Last week, May 22, a BusinessWorld report said “DoE forecast for peak power demand exceeded on May 17” referring to 10,688 MW peak demand in the Luzon grid on May 17 reported by the National Grid Corp. of the Philippines (NGCP) vs peak demand in 2017 of 10,054 MW.
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TPVI cleared to buy Naga plant

2018-05-25 bworldonline
ABOITIZ POWER Corp. said in Thursday that its subsidiary had received regulatory certification to initiate the purchase of a power plant in Naga City, Cebu.
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AboitizPower aims to boost contracted capacity to contestable customers

2018-05-22 bworldonline
ABOITIZ Power Corp. is targeting to increase its contracted capacity to contestable customers by at least 100 megawatts (MW) this year as it looks to target electricity users with consumption of at least 750 kilowatts, its president said.
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