SN Aboitiz Power Benguet remits P79.5-M to Benguet Province
November 3, 2008
SN Aboitiz Power Benguet, Inc. (SNAP-Benguet) has remitted to the Province of Benguet P79.5 million as payment of the local transfer tax for its acquisition of the 75-MW Ambuklao and the 100-MW Binga hydroelectric power plants located in the province.
Read MoreAboitiz Power wins bid for Tiwi-Makban geothermal complex
July 31, 2008
AP Renewables, Inc. (APRI), a wholly owned subsidiary of Aboitiz Power Corporation (AP), won the bid Wednesday (July 30) for the 747-megawatt (MW) Tiwi-Makban geothermal power facilities. The complex is composed of the 289-MW Tiwi plants in Albay and the 458-MW Makban facilities in Laguna and Batangas. The Power Sector Assets and Liabilities Management Corporation (PSALM) had bid out the two power assets as one package.
Read MoreSN Aboitiz Power-Benguet assumes operations of Ambuklao-Binga plants
July 15, 2008
SN Aboitiz Power-Benguet, Inc. (SNAP-Benguet) yesterday, July 10 assumed operations of the Ambuklao-Binga hydroelectric plants after these were officially turned over to the company by the Power Sector Assets and Liabilities Management Corporation (PSALM).
Read MoreCarbon credits key to Ambuklao and Binga upgrades
June 20, 2008
SN Aboitiz Power-Benguet, Inc. (SNAPB), the winning bidder for the Ambuklao and Binga hydropower plants located in Benguet province, is now preparing for the financial close of the asset sale transaction with the Power Sector Assets and Liabilities Management Corporation (PSALM) and the subsequent turnover of the plants to the company. SNAPB will assume operations of the plants right after the turnover scheduled for July 3, 2008
Read MoreHedcor, banks sign P3.57 billion loan for renewable energy project
May 21, 2008
Hedcor Sibulan, Inc. (HSI) signed last May 21 a P3.57 billion syndicated loan facility with three of the largest banks in the country. The loan facility, helped put together by sponsor Philippine HydroPower Corporation, will be used to partly fund the construction of HSI's 42.5 megawatt Sibulan Hydropower Project (SHP) in Davao del Sur.
Read MoreAboitiz Power subsidiary issues award letter to supplier for Subic power plant
April 5, 2008
Aboitiz Power Corporation (AP) subsidiary Redondo Peninsula Energy, Inc. has issued a letter of award to Formosa Heavy Industries to supply the boiler, steam turbine, generator and related services to be used for the construction of a 300-megawatt coal-fired power plant in the Redondo Peninsula at the Subic Bay Freeport Zone. The company will be required to make a 5% down payment of approximately US$10 million on or before April 30, 2008.
Read MoreMagat privatization project finance bags four international awards
January 23, 2008
The US$380-million financing for the privatization of the Magat hydropower plant has bagged four prestigious awards.
Read MoreAboitiz Power & Vivant form JV for new coal-fired plant in Cebu
December 20, 2007
Aboitiz Power Corporation (AP) and Vivant Energy Corporation (Vivant) of the Garcia Group of Cebu have formed a joint venture company Abovant Holdings, Inc. (Abovant), which will hold their investments in a new power plant to be built in Toledo City, Cebu. This is pursuant to the Memorandum of Agreement signed with the Metrobank Group’s Global Business Power Corporation (Global Power) in August 2007.
Read MoreSN Aboitiz Power submits highest bid for Ambuklao-Binga Hydro
November 27, 2007
SN Aboitiz Power Hydro, Inc., a consortium between Aboitiz Equity Ventures, Inc.’s subsidiary Aboitiz Power Corporation (AP) and SN Power AS of Norway, submitted the highest bid for the Ambuklao-Binga Hydroelectric Power Complex consisting of the 75MW Ambuklao Hydroelectric Power Plant located at Bokod, Benguet and the 100 MW Binga Hydroelectric Power Plant located at Itogon, Benguet.
Read MoreAboitiz Power buys Share in Philippine Power Plant Mindanao
November 15, 2007
Aboitiz Power Corporation, a company listed in the Philippine Stock Exchange engaged in power generation and distribution, buys a 34 percent share from Evonik Industries AG in its Philippines special purpose company STEAG State Power Inc. The transaction closed November 15, 2007. Evonik remains the majority shareholder of STEAG State Power Inc. with its indirectly held 55 percent share. Another 11 percent share in the company is held by the local project partner State Investment Trust Inc.
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