Aboitiz Power Corp. posted an 18-percent decline in its consolidated net income to P4.6 billion in the first quarter this year due largely to a drop in electricity prices and to a lower volume of electricity sold.
The Ayala group, through energy arm AC Energy Holdings Inc., is aggressively expanding its power generation portfolio to include Mindanao and is in talks with prospective partners undertaking projects on the electricity-starved island.
Aboitiz Power Corp. is on track to completing P35 billion worth of projects in Mindanao, which can deliver over 300 megawatts of much-needed power to the electricity-starved island by 2015.
Aboitiz Power Corp. is planning to build a 300-megawatt power plant in Cebu to help address the need for additional capacity in the Visayas grid starting 2015.
Aboitiz Power Corp. is embarking on P85 billion worth of power-generation facilities that will add about 1,500 megawatts to the Luzon and Mindanao grids in four years’ time.
Aboitiz Power Corp. expects to sign within the year several loan agreements to finance two crucial coal-fed power plant projects worth a combined $1.82 billion and help fund the capital spending of its distribution utilities.
Redondo Peninsula Energy Inc. has obtained an environmental compliance certificate (ECC) for the second 300-megawatt unit of its $1.28-billion coal-fired power plant in Subic Bay Freeport.
MANILA, Philippines—Aboitiz Power Corp. on Wednesday said its board of directors had approved a revised dividend policy that would increase the annual cash dividend payment ratio to 50 percent of its consolidated net income from the previous fiscal year. This was higher than the previous cash dividend payment ratio of 33 percent, said APC [...]
Aboitiz Power Corp. posted a 15-percent increase in its core net income in the first nine months of 2012 to P17.9 billion, due largely to the increase in power demand during the period.
Aboitiz Power Corp. has the leeway to further expand its ongoing P25-billion, 300-megawatt coal-fired power plant in Davao should there be a need for additional capacity in Mindanao.
Publicly listed Aboitiz Power Corp.’s plan to open its 70-megawatt (MW) hydroelectric power plant by October may be in jeopardy due to problems arising from ongoing repair work at the facility, the company told the local bourse.
Aboitiz Power Corp. is spending P1 billion to put up the 7-megawatt Tudaya hydropower plant in Sta. Cruz, Davao del Sur.
