AboitizPower signs up Victorias Milling, NKC Manufacturing for renewable energy

ABOITIZ Power Corp. (AboitizPower), through its retail electricity supply company Advent Energy Inc., bagged the contracts for two Visayas-based customers who have chosen to shift to renewable energy to run their manufacturing plants under the Department of Energy’s (DOE) Green Energy Option Program (GEOP). GEOP empowers consumers to source renewable energy from a licensed supplier […]

Aboitiz Power Davao battery storage facility operational this month

ABOITIZ Power Corp. said a 49-megawatt (MW) hybrid battery energy storage system (BESS) facility in Maco, Davao de Oro, will start operations this month. The facility will support the Mindanao grid, especially during the dry season. The grid, which is largely dependent on hydro power, can tap stored power when hydroelectric capacity falls, an unidentified […]

Megawide CEO: Aboitiz ‘more stable, advanced’ to operate Cebu airport

THE sale of Megawide Construction Corp.’s shares in GMR-Megawide Cebu Airport Corp. (GMCAC) to Aboitiz InfraCapital Inc. (AIC) will allow Megawide to manage some of its obligations and expand on some land and digital infrastructure projects.But why has the Aboitiz family been picked to take over the Mactan-Cebu International Airport (MCIA)?Megawide president and chief executive […]

Aboitiz Group bags multiple honors in Quill Awards

THE Aboitiz Group has received several honors at the Philippine Quill Awards, the country’s most prestigious awards program in the field of business communications.The accolades given by the International Association of Business Communicators (IABC) Philippines were the excellence award in the publications category for “Aboitiz 100th Anniversary Book: 100 Years of Advancing Business and Communities,” […]

Visayan Electric, Aboitiz Foundation give aid to farmers’ cooperative

THE Cobcawa Multipurpose Cooperative, an organization of farmers in the upland area of Sitio Cobcawa in Barangay Adlaon, Cebu City has been granted a total of 200,000 worth of farm inputs to revitalize its vegetable production.“Dako kaayo among pasalamat sa Aboitiz Foundation ug sa Visayan Electric nga wala gayud mi pasagdi bisan pa sa panahon […]

Aboitiz Construction finishes 69-kV transmission line project in Batangas

ABOITIZ Construction, Inc. said on Thursday that it recently completed the construction of another 69-kilovolt (kV) overhead transmission line project for Lima EnerZone (LEZ) in Lipa City, Batangas. The project, which consists of 37 electric poles, is “part of a bigger move to enhance power delivery” in LIMA Estate through a partnership between Aboitiz Construction […]

Aboitiz Group sees growth for business units

ABOITIZ Equity Ventures, Inc. (AEV) is optimistic about the growth of its business units, including its land, infrastructure, and food firms. AEV expects its property business, AboitizLand, Inc., to exceed its year-end target by 10%, closing at P4.2 billion. The listed company sees this as AboitizLand’s “strongest performance in history,” owing to a shift in […]

PCC clears Scatec Solar’s 100% acquisition of shares in SN Power

THE Philippine Competition Commission (PCC) said it recently approved the acquisition by Scatec Solar ASA, a Norwegian renewable energy company, of 100% shares in SN Power AS. In an e-mailed statement, the commission said its Mergers and Acquisitions Office found that the transaction between Scatec Solar and SN Power “does not result in substantial lessening […]