ABOITIZ Power Corp. is looking at acquiring renewable energy (RE) projects that are under development in Vietnam with capacities of between 50-100 megawatts (MW) each to take advantage of the feed-in tariff (FiT) scheme being offered in the Southeast Asian country. Erramon I. Aboitiz, president and chief executive officer of AboitizPower, said the company is […]

ABOITIZ Power Corp. continues to look for opportunities abroad, including the expansion of its recent wind power investment in Vietnam. “We are always exploring and there are actually interested sellers,” AboitizPower Chief Operating Officer Emmanuel V. Rubio. “We are looking for projects that are eligible for FIT [feed-in-tariff] and they are wind and solar projects, some […]

The 350-megawatt Alimit hydropower project of SN Aboitiz Power Inc. (SNAP) along with two other renewable energy (RE) ventures have been certified energy projects of national significance (CEPNS) by the Department of Energy. The two other projects had been the 19.7-megawatt Ilaguen hydropower project of Rio Norte Hydro Corp of Filipino firm Citicore Renewable Energy […]

Reported before the weekend, AboitizPower’s Cleanergy is now providing all seven buildings of The Net Group (TNG) with clean and renewable energy. AboitizPower and TNG signed a power supply contract this week, in which the former will supply a total of 13.5 MW to TNG’s seven office buildings. These TNG buildings include Net Park, Net […]

MANILA — AboitizPower remains keen on investment opportunities outside the Philippines, its Chief Operating Officer Emmanuel Rubio said Tuesday. Rubio told reporters that the company is still looking for investment opportunities in the power generation business in Southeast Asian countries such as Indonesia, Myanmar, and Vietnam. He said AboitizPower is currently doing feasibility studies and […]

MANILA, Philippines — Aboitiz Power Corp. has inked a $300-million facility agreement with four foreign banks to partially finance its acquisition in AC Energy Inc.’s thermal platform. In a disclosure to the Philippine Stock Exchange yesterday, AboitizPower said it signed a facility agreement with DBS Bank Ltd., Mizuho Bank Ltd., MUFG Bank Ltd., and Standard […]

MANILA — AboitizPower Corp. will provide energy services for Light Industry & Science Park (LISP) IV in Malvar, Batangas, one of the latest economic zone projects of Science Park of the Philippines, Inc. (SPPI). In the 25-year service agreement between AboitizPower and SPPI, the former’s distribution utility Malvar Enerzone Corp., will manage the construction, installation, […]

MANILA, Philippines — Aboitiz Power Corp. expects to increase the generation capacity of the Tiwi and MakBan geothermal power plants after the six-year rehabilitation of the steamfield commenced last year. AboitizPower chief operating officer Emmanuel Rubio said rehabilitation in the Tiwi and MakBan Geothermal Complex has already commenced. “We have started looking at rehabilitating some […]

ABOITIZ Power Corp. said Friday that a unit signed a deal to buy for around $46 million a Vietnamese company with a 39.4-megawatt (MW) onshore wind power facility. In a disclosure to the stock exchange, AboitizPower said a share purchase agreement was signed by its wholly owned subsidiary AboitizPower International Pte. Ltd., which will buy […]

The advanced ABS Global Sustainability Center is the flagship of the company’s sustainability activities worldwide and brings together its projects that focus on the de-carbonisation of shipping. Led by ABS Global Sustainability director Gurinder Singh, the facility includes a team of professionals with diverse backgrounds and expertise. ABS chairman, president and CEO Christopher Wiernicki said: […]