Therma Visayas Now Online: First of two Toledo City baseload units produces 170-MW of energy

PR 04/21/2019

CEBU CITY, Philippines – AboitizPower subsidiary Therma Visayas Inc. has started to deliver energy from the first of two 170-Megawatt (150 MW net) baseload units in Toledo City, Cebu. The second 170-MW unit is expected to start…

Pagbilao, Bukidnon plants help fuel AboitizPower’s P1.3B income growth in 2018

03/11/2019

CEBU CITY, Philippines — AboitizPower, Aboitiz Group’s holding company for investments in power generation, distribution, and retail electricity services, partly attributed the company’s P1.3 billion income growth in 2018 to the firm’s Pagbilao power plant and Manolo…

AEV nets P17.3B in first nine months of 2018

Inquirer.net 11/08/2018

Conglomerate Aboitiz Equity Ventures Inc. (AEV) recorded a 9 percent year-on-year increase in its nine-month net income to P17.3 billion due to gains from its power, food, and property businesses. “We welcome the gains posted by our…

AboitizPower linemen gather for Rodeolympics

USJ-R Journalism Intern 07/17/2018

Like sons of the lightning god Thor, electrical linemen from the Visayas and Mindanao gathered in a competition of skills and proficiency for this year’s AboitizPower Distribution Utilities (APDU) Rodeolympics held last July 3. Now on its…

AboitizPower subsidiary program helps nourish schoolchildren

PR 07/08/2018

Students of Bato Elementary School in Toledo City, Cebu didn’t know what was going to happen on the morning of June 27, but they were certain it was something special. Otherwise, they wouldn’t have been called to…

AboitizPower backs schools disaster education program

PR 06/08/2018

More than a decade ago, a huge fire gutted Buaya Elementary School in Lapu-Lapu City, burning down the whole school building and leaving hundreds of students without proper classrooms for several months. But like a phoenix rising…

AboitizPower capacity to increase by 500 MW

PSE EDGE 12/06/2017

ABOITIZPower is set to add some 500 megawatts of attributable capacity in 2018, coming from the completion of several hydro and base load plants in Luzon, Visayas, and Mindanao. In a briefing to analysts last Tuesday, AboitizPower…

AboitizPower raises P3 billion

Inquirer.net 07/03/2017

BOND FLOAT Energy firm Aboitiz Power Corp. (AP) has raised P3 billion from the issuance of fixed rate bonds to fund expansion plans and potential acquisitions. The bonds — which were listed on fixed income trading platform,…

Lower power rates in the offing as Visayas shifts to RCOA

Victor Anthony V. Silva 05/11/2017

Despite setbacks in the full implementation of the Retail Competition and Open Access (RCOA) scheme in the power industry, consumers are still seeing its benefits and are taking advantage of their power to choose where to source…

3 Toledo City barangays get health aid

04/20/2017

Residents of Barangays Cabitoonan and Awihao in Toledo City are now getting better services from their village health centers, which recently received new facilities and equipment from AboitizPower subsidiary Therma Visayas Inc. (TVI). AboitizPower constructed a health…

SPC to file motion for reconsideration

Victor Anthony V. Silva 10/20/2016

  Publicly listed SPC Power Corp. (SPC) called the recent ruling of the Supreme Court on the Naga Power Plant Complex in Cebu as “grossly disadvantageous to the government.” According SPC in a statement, it is preparing…

Exec: SC ruling reinforces firm’s stand on Naga case

Victor Anthony V. Silva 10/16/2016

The Supreme Court decision to reinstate the awarding of the 153.1-Megawatt (MW) Naga Power Plant Complex in Cebu to Therma Power Visayas Inc. (TVPI), a subsidiary of Aboitiz group’s energy arm, reinforced the company’s stand that the…

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