AboitizPower 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 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 MoreAboitiz Power total equity in Subic Enerzone now 100%
December 18, 2007
Aboitiz Power Corporation (AP) entered into an agreement Monday (December 17) to buy the 20% equity of Team Philippines Industrial Power II Corporation (formerly: Mirant (Phils.) Industrial Power II Corp.) in Subic EnerZone Corporation (SEZ) for P92 million. Together with the 35% equity in SEZ of its subsidiary Davao Light and Power Company, Inc., the present acquisition brings AP’s total equity in SEZ to 100%.
Read MoreSubic EnerZone further reduces systems loss, lowers power rates anew
November 9, 2005
Subic EnerZone Corporation (SEZ) continues to reduce its systems loss allowing the utility to lower power rates anew after only six months. As of September 2005, SEZ's systems loss is down to 6.86% and customers now pay 16 centavos less per kilowatt -hour (kwhr) for their electricity consumption. Last March, after reducing its systems loss to 7.87%, the company lowered its rate per kwhr by almost 10 centavos.
Read MoreSubic EnerZone buys TransCo sub-transmission assets
May 6, 2005
Subic EnerZone Corporation (SEZ) has purchased 7.24 circuit-kilometers of National Transmission Corporation’s (TransCo) sub-transmission lines comprising the Olongapo-SBMA Line 1 & 2, Olongapo-SBMA Line 3 and Subic-SBMA Line 4. The purchase also includes the disconnection switches at the Kalaklan Metering Point in Olongapo City.
Read MoreSubic EnerZone reduces systems loss, lowers power rate
April 3, 2005
Starting March 2005, customers of Subic EnerZone Corporation (SEZC) will pay lower power bills, after the company announced that it has reduced its systems loss to an average of 7.87% and lowered its rate per kilowatt hour (kwhr) by almost 10 centavos.
Read MoreVECO opens full service center in SM Cebu
February 20, 2005
The Visayan Electric Company (VECO) opened an ultra modern and spacious full service center at the SM City Cebu last February 14. The concept of an electric utility office in a mall is the first of its kind in the Philippines.
Read MoreVECO, DLPC buy P187-million Transco sub-transmission assets
February 10, 2005
The Visayan Electric Company (VECO) and Davao Light and Power Company (DLPC) recently signed purchase agreements to acquire P187-million sub-transmission assets from the National Transmission Corporation (TransCo). VECO will pay P172 million of the assets, the biggest single cash purchase of the transmission utility’s divestment program. The purchase contract signed with Transco involves 5.93 circuit kilometers, 33 line structures and two 100-MVA transformers covered by the Banilad-Mandaue and Banilad-Cotcot 69-kilovolt lines in Cebu.
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