Who We Are
AboitizPower is the Philippines’ leading provider of renewable energy, advancing business and communities towards A Better Future.
AboitizPower is the Philippines’ leading provider of renewable energy, advancing business and communities towards A Better Future.
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.
AboitizPower upholds the highest ethical standards, safeguarding the integrity of our initiatives and developments as a business enterprise and a partner for environmental protection.
View our shareholder relations and investment reports and find out how we prioritize addressing the triple bottom line of people, planet, and profit.
Stay updated on the latest stories and developments about AboitizPower.
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May 14, 2019
Aboitiz Power Corporation (AboitizPower) completed its acquisition of a 49% voting stake and a 60% economic stake in AA Thermal, Inc., AC Energy’s thermal platform in the Philippines.
This follows the execution of a share purchase agreement for the transaction last year, and the completion of all conditions precedent. The Philippine Competition Commission approved the transaction last February 28, 2019. The transaction is valued at USD572.9 million, after adjustments.
AA Thermal has interests in GNPower Mariveles Coal Plant Ltd. Co., the owner and operator of an operating 2x316 MW coal plant in Mariveles, Bataan, and in GNPower Dinginin Ltd. Co., the developer and owner of a 2x668 MW supercritical coal plant project in Dinginin, Bataan, which is currently under construction.
GNPower Mariveles has been operating since 2013 while GNPower Dinginin Unit 1 is currently expected to come online later this year.
The completion of the transaction increases AboitizPower’s economic interests in GNPower Mariveles and GNPower Dinginin to 78.3%, and 70%, respectively.
Aboitiz Power Corporation continues to ramp up efforts to improve the performance of its renewable energy facilities across the country, especially as...
Cotabato Light and Power Company, one of AboitizPower’s distribution utilities, has fully energized its upgraded state-of-the-art Malagapas subs...
BEYOND THE HORIZON. Engineers at the baseload facility operated by AboitizPower subsidiary Therma South, Inc. (TSI) in Davao City look toward the hori...
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 businessesAboitizPower 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 initiativesView our shareholder relations and investment reports and find out how we prioritize addressing the triple bottom line of people, planet, and profit.
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