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.
A Better Future and career await you at AboitizPower. Browse through our job vacancies and join our ever-growing family today!
January 16, 2018
Aboitiz Power Corp. announces that the biomass plant operated by its wholly-owned subsidiary, Aseagas Corp., will permanently cease operations.
Aseagas earlier suspended its commissioning due to unavailability of the supply of organic effluent wastewater from its supplier, Absolut Distillers, Inc.
The company also took the opportunity to assess the plant’s other issues, and after a full assessment, decided to make the plant shutdown permanent.
“Our top consideration now is to balance the interests of all our stakeholders, including that of Aseagas’ employees,” AboitizPower President and COO Antonio R. Moraza said.
AboitizPower earlier disclosed that Aseagas has prepaid its outstanding loan with the Development Bank of the Philippines (DBP) in the amount of Php 2.368 billion.
Total value affected as a result of the closure is estimated to be at Php 3.7 billion, which represents Aseagas’ invested equity of Php 3.45 billion and the company's estimated remaining obligations of around Php 250 million.
Moraza said that AboitizPower is still on track to add some 500 MW of attributable capacity, mainly from baseload and hydro power plants in 2018, pushing the company closer to its 2020 target of 4,000-MW net attributable capacity.
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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