AboitizPower named most outstanding energy firm in Philippines

By Danessa Rivera – October 7, 2019 – 12:00am
from The Philippine Star

MANILA, Philippines — Aboitiz Power Corp. was recently named as the Philippines’ most outstanding energy company, based on the “Asia’s Outstanding Companies Poll” conducted by financial publication Asiamoney.

AboitizPower joins over 150 others in the region as being the most outstanding in their respective sectors.

“We are happy that our team’s efforts were noticed by our partners and stakeholders leading to this recognition by Asiamoney. This encourages us to strive even more as we lock in on reaching our targets while advancing the interests of our shareholders, team members, and stakeholders,” AboitizPower president and CEO Erramon Aboitiz said.

“This serves as a challenge for the organization to continue striving for excellence so that we can truly be worthy of this recognition. We thank the Asiamoney poll-takers for choosing us in this category and dedicate this win to all our hardworking team members across the country,” AboitizPower COO Emmanuel Rubio said.

Asiamoney executive editor Alex Pang said the poll acknowledges the listed companies that have excelled in areas such as financial performance, management team excellence, investor relations (IR) activities, and corporate social responsibility (CSR) initiatives.

Pang said more than 800 fund managers, buy-side analysts, bankers, and research analysts participated in the voting, which concluded last July 12. A total of 4,004 votes were cast for publicly listed companies across 12 Asian markets.

AboitizPower runs its business holistically, putting hard work into operations and keeping an eye on financial performance while also making sure it leaves a positive impact on its communities and maintains harmonious relationships with its stakeholders.

For 2018, AboitizPower recorded a net income of P21.7 billion, six percent higher than the P20.4 billion recorded the previous year.

The company was able to sustain its growth with the entry of capacities from its baseload power plant in Pagbilao and hydro plant in Manolo Fortich, Bukidnon, as well as its efforts to continuously improve the availability and reliability of its generation assets.