Together with its partners, the Aboitiz Power Corporation is looking at capital outlay of about $1.1 billion to push for coal technology-based capacity expansion in Luzon and Mindanao which are all targeted on stream by 2013. In an interview with reporters, Aboitiz Power president Erramon I. Aboitiz indicated that for the planned 300-megawatt coal plant [...]
Posts Tagged ‘Aboitiz Power’
Aboitiz power pushing for over $1-B investment for coal capacity expansion (9/06/2010)
Posted in Manila Bulletin News, tagged Aboitiz Power, Coal on September 7, 2010 | Leave a Comment »
The Aboitiz difference makes a mark in domestic power sector (8/11/2010)
Posted in Manila Bulletin News, tagged Aboitiz Power on August 12, 2010 | Leave a Comment »
Even as it is already known for its operational efficiency, AboitizPower Corp. still continues to seek new ways to effectively address its consumers’ and community’s needs. Its brand promise of “Better Solutions” is fleshed out in its brand values of “continuing and anticipating customer needs; acquiring, sharing and applying its knowledge; and committing to sustaining [...]
Aboitiz Power earnings balloon after takeover of state plants (8/06/2010)
Posted in Business World News, tagged Aboitiz Power on August 6, 2010 | Leave a Comment »
THE ABOITIZ conglomerate’s power generation and distribution arm more than quadrupled profits to P5.3 billion in the second quarter as it took over operations of power plants privatized by the government. This brought first-half profits to P12.7 billion, nearly 700% higher from P1.6 billion in the same period last year, and equivalent to P1.73 per [...]
AboitizPower geothermal, hydro power assets awarded COCs by ERC (8/05/2010)
Posted in Philippine Star News, tagged Aboitiz Power, COC, Hedcor, Hydro energy, Renewable energy on August 5, 2010 | Leave a Comment »
Renewables, Inc. and Hedcor Sibulan, Inc., both wholly owned subsidiaries of AboitizPower Corp., were recently granted certificates of compliance (COC) by the Energy Regulatory Commission (ERC). The COCs were granted after APRI’s ten-unit geothermal facilities in Laguna and Batangas and Hedcor’s Hydropower Plant B in Davao del Sur were found to be compliant with the [...]
Aboitiz, Taiwanese partner revive plan to build coal power plant in Subic (8/05/2010)
Posted in Business World News, tagged Aboitiz Power, Coal, Generation on August 5, 2010 | Leave a Comment »
LISTED ABOITIZ Power Corp. will pursue plans to build a 300-megawatt (MW) coal-fired plant in Subic free port amid tight electricity supply in the market. In a disclosure to the Philippine Stock Exchange, the company said: “After revisiting the power demand and supply situation in the Luzon grid, Redondo Peninsula Energy has decided to pursue [...]
Aboitiz Power in supply deal with CASURECO IV (6/09/2010)
Posted in Manila Bulletin News, tagged Aboitiz Power, Power supply on June 9, 2010 | Leave a Comment »
A provisional approval of the Energy Regulatory Commission (ERC) is being sought for the power supply agreement (PSA) inked by AP Renewables Inc. (APRI) of the Aboitiz group with that of Camarines Sur Electric Cooperative Inc. (CASURECO IV). The supply pact requires the power generator to deliver power to CASURECO IV until January 25, 2013 [...]
Norwegian firm SN Power gears up for expansion, eyes greenfield projects (6/06/2010)
Posted in Manila Bulletin News, tagged Aboitiz Power, Hydro energy, Investments, Renewable energy on June 7, 2010 | Leave a Comment »
Banking on its revved appetite for growth, Norwegian firm SN Power is now gearing up for expansion opportunities as well as ventures into planned greenfield power projects in the deregulated Philippine power industry. The company albeit emphasized that onward investments will all be undertaken with their local partner, Aboitiz Power Corporation. Preference remains for hydropower [...]
Magat, Binga hydropower plants back online (6/04/2010)
Posted in Manila Times News, tagged Aboitiz Power, Power supply on June 4, 2010 | Leave a Comment »
SN Aboitiz Power Inc. (SNAP) said that its hydroelectric power plants are now available for power generation. In a statement, SNAP said that its 360-megawatt Magat plant is now operational as the National Irrigation Administration (NIA) starts releasing water for irrigation. The power plant at Ramon, Isabela draws water from the multi-purpose Magat dam, which [...]
Cotabato Light bats for recovery of fuel and lubricant costs (6/01/2010)
Posted in Manila Bulletin News, tagged Aboitiz Power, PBR scheme, Power cost on June 1, 2010 | Leave a Comment »
The Cotabato Light and Power Company Inc. (CLPC) of the Aboitiz group is seeking regulator’s approval for the recovery of previously-incurred costs on fuel and lubricants, accruing to P25.157 million in the past seven years, plus carrying charges of P4.404 million. In its filing with the Energy Regulatory Commission (ERC), CLPC indicated that the un-recovered [...]
Power firm earmarks P72 billion for 2 new coal-fired plants (6/01/2010)
Posted in Manila Bulletin News, tagged Aboitiz Power, Coal, Mindanao, Power supply on June 1, 2010 | Leave a Comment »
The Aboitiz Power Corporation (AP) is scheduled to set up two coal-fired power plants worth at least P72 billion in Mindanao next year, in preparation for the projected higher power consumption to hit the southern island by year 2012. AP president and chief executive officer Eramon Aboitiz said AP has earmarked some P72 billion for [...]
