May 1, 2020

AboitizPower records lower income in January-March

By Lenie Lectura – May 1, 2020 from Business Mirror Aboitiz Power Corp. posted a lower income at end-March this year, mainly due to tax payments, interest expense and power plant outage incidents. From January to March this year, the […]
May 17, 2019

Government to require gencos to sell 70% of power plant capacity

By Lenie Lectura – May 16, 2019 from Business Mirror POWER generation companies (gencos) will soon be required by the Department of Energy (DOE) to sell up to 70 percent of their power facilities’ capacity to distribution utilities (DUs) and […]
April 11, 2019

AboitizPower borrows $300 million from foreign banks to buy AC Energy’s thermal assets

By Lenie Lectura – April 11, 2019 from Business Mirror ABOITIZ Power Corp. signed a $300-million loan facility with foreign banks to partly finance its acquisition of AC Energy Inc.’s thermal assets. “AboitizPower signed a facility agreement with DBS Bank […]
March 3, 2019

Aboitiz Power secures PCC approval on $579-M equity take in Ayala firm

By Myrna M. Velasco – March 2, 2019, 10:00 PM from Manila Bulletin Listed firm Aboitiz Power Corporation has secured the approval of the Philippine Competition Commission (PCC) on its equity acquisition in the thermal platform of AC Energy of […]