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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)

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)

CUSIP: 003730108