July 18, 2022

APRI eyes 17MW Tiwi binary plant

BY LENIE LECTURA – JULY 18, 2022 from Business Mirror ABOITIZ Power Corp.’s renewable arm in geothermal power, AP Renewables, Inc. (APRI), will build a 17-megawatt (MW) binary plant in Tiwi, Albay. The plant will utilize excess heat from spent […]
October 25, 2021

No phaseout of coal power plants in Mindanao – Cusi

By Myrna M. Velasco – October 24, 2021, 7:00 AM from Manila Bulletin The Department of Energy (DoE) has categorically countered the planned buy-out and phaseout or retirement of coal-fired power plants in Mindanao, specifying that this is not part […]
September 28, 2021

Aboitiz Power sells 25% to Japan’s JERA for $1.46 B

By James A. Loyola – September 27, 2021, 3:55 PM from Manila Bulletin Aboitiz Equity Ventures (AEV) is selling a 25.01 percent stake in Aboitiz Power Corporation (AboitizPower) to JERA Co. Inc., Japan’s largest power producer, for $1.146 billion in […]
September 21, 2021

AboitizPower to offer P12B in fixed-rate retail bonds

BY LENIE LECTURA – SEPTEMBER 20, 2021 from Business Mirror The board of Aboitiz Power Corp. has approved the company’s issuance of up to P12 billion in fixed-rate retail bonds in the fourth quarter. The amount represents the second tranche […]