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AboitizPower is the Philippines’ leading provider of renewable energy, advancing business and communities towards A Better Future.
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Sustainability
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Popular Topics
AboitizPower subsidiary takes over Naga power plant complex
July 18, 2018
Last, July 16, 2018, the Naga Power Plant Complex in Cebu was physically turned over and accepted by AboitizPower subsidiary Therma Power Visayas Inc. (TPVI).
"Our team has taken possession of the power plant complex and are now assessing the facility in preparation for maintenance and rehabilitation works. We are also conducting an inventory of the assets on site,” TPVI COO Celso Caballero said.
“We would like to thank PSALM for their assistance in guiding us through this turnover process and we look forward to our partnership with the local government of Naga.
”In May, TPVI received the Certificate of Effectivity (COE) from the Power Sector Assets and Liabilities Management Corp. (PSALM) initiating the purchase of the facility.
The COE implements the Sept. 28, 2015 decision of the Supreme Court, which upheld the April 30, 2014 award of the facility to TPVI.
The Naga Power Plant Complex is composed of diesel and coal power plants with a combined capacity of 153.1 MW.
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What We Do
As one of the Philippines’ largest power producers, we help fill the nation’s growing energy needs by providing secure and affordable access to sustainable power across the country.
Learn more about our businesses -
Sustainability
AboitizPower champions sustainability initiatives and ventures that help make the world a better place not only for people living today but for generations to come.
View our sustainability initiatives -
Investors
View our shareholder relations and investment reports and find out how we prioritize addressing the triple bottom line of people, planet, and profit.
Visit our investor relations