True to its promise of advancing business and communities, AboitizPower subsidiary Therma Visayas, Inc. (TVI) recently completed the turnover of direct benefits to its host beneficiaries, helping provide timely relief to residents during the pandemic. To date,…
AboitizPower’s direct remittances to various Cebu local governments and barangays have reached P40.6 million as of end-September, not only providing more funds for development but also a much-needed boost in their respective pandemic responses. Through the Department…
CEBU CITY, Philippines – Under the new normal, a rush to shift to a more digital-dominated lifestyle erupted. From food and grocery shopping to organizing finances, people are slowly adapting and incorporating modern technology in their day-to-day…
CEBU CITY, Philippines – AboitizPower subsidiary Therma Visayas, Inc. (TVI) is set to turn over a total of P6.5 million in financial benefits to its host areas by 2020, a development spurred by amendments to the revenue…
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…
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…
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…
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…
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…
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 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…
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,…
