AboitizPower and Davao Water District ink agreement for hydro project
March 29, 2010
AboitizPower, through wholly owned subsidiary Hedcor, Inc., on Thursday (March 25, 2010) signed a Compromise Agreement (CA) with the Davao City Water District (DCWD), thereby paving the way for the eventual construction of a 10 to 15 megawatt (MW) hydroelectric powerplant along the Tamugan River.
Read MoreEarth Hour 2010
March 12, 2010
Earth Hour 2010 gives us another opportunity to do better than we did last year. On March 27, 2010 at 8:30pm let us shut off power for one hour and join as the world come together to save on energy consumption and lower greenhouse gas emissions globally.
Read MoreAboitizPower signs Cleanergy supply deal with SFELAPCO
November 12, 2009
AboitizPower will supply renewable energy to San Fernando Electric Light and Power Company (SFELAPCO) for three years starting Dec. 26, 2009. Cleanergy, the AboitizPower brand of clean and renewable energy, will be sourced from AboitizPower's Tiwi-Makban geothermal facilities, as well as from its Hedcor-Irisan hydroelectric plant in Benguet.
Read MoreAboitizPower 3Q net income hits P2.2 bn
November 3, 2009
AboitizPower Corporation (AboitizPower) recorded a net income of P2.2 billion (bn) for the quarter ending Sept. 30, 2009, a 99% increase versus the same period last year. On a year-to-date basis, AboitizPower recorded a total net income of P3.8 bn, up by 20% from P3.2 bn of the same period last year. This translates to an earnings per share of P0.52. With a non-recurring loss of P171 mn (versus last year’s non-recurring net loss of P281 mn), core net income grew by 15% year-on-year (YOY), from P3.4 bn to P4.0 bn. The non-recurring loss for the period in review was a result of the one-off expenses related to the acquisition of the Tiwi-Makban geothermal plants, which was partially offset by foreign exchange gains that resulted from the revaluation of dollar-denominated loans and placements.
AEV and AP declare cash dividends
February 17, 2009
Aboitiz Equity Ventures, Inc. (AEV) and Aboitiz Power Corporation (AP) have each declared cash dividends that were approved during the regular Board meetings of both companies held on February 11.
Read MoreAboitiz Energy Solutions and Davies Energy Systems Sign Agreement
January 9, 2009
Aboitiz Energy Solutions, Inc. has signed a memorandum of understanding (MOU) with a US energy efficiency company, Davies Energy Systems, Inc., to bring comprehensive energy efficiency technologies and financial solutions to private firms and local governments throughout the Philippines. The venture will reduce consumption for costly energy resources by providing a fully-integrated package offering systems, technologies, and financing to local firms and government entities.
Read MoreAboitiz Power is Asiamoney's best managed medium-cap Philippine company
January 6, 2009
Aboitiz Power Corporation (AP), the Philippines’ leading clean and renewable energy generator and distributor, has been recognized as the best managed medium-cap company in the country. In the December 2008-January 2009 issue of Asiamoney, AP was named Medium-Cap Corporate of the Year.
Read MoreAboitiz Power signs Notes Facility Agreement
December 16, 2008
Aboitiz Power Corporate (AP) signed yesterday a Notes Facility Agreement with BDO Capital & Investment Corporation, BPI Capital Corporation, First Metro Investment Corporation, ING Bank N.V., Manila Branch as Joint Lead Managers for the issuance of 5-year and 7-year peso-denominated corporate fixed rate notes ("Notes") in the aggregate amount of P3.56 billion, with option to upsize depending on market demand.
Read MoreAboitiz Power to issue P3-billion fixed rate notes
November 5, 2008
Aboitiz Power Corporation (AP) has launched today the issuance of 5-year and 7-year peso-denominated corporate fixed rate notes worth P3 billion, with option to increase depending on market demand. The notes will be offered in a private placement to not more than 19 institutional investors.
Read MoreAboitiz Power's 9-months recurring income up 73% to P3.45B
November 5, 2008
Aboitiz Power Corporation (AP) ended the first nine months of 2008 with a recurring net income of P3.45 billion, a 73% year-on-year growth versus last yearAboitiz Power's 3Q income up 73% to P3.45B’s P1.99 billion.
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