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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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Popular Topics
PSALM issues Certificate of Effectivity on AboitizPower subsidiary's purchase of Naga power plant complex
May 25, 2018
AboitizPower subsidiary Therma Power Visayas, Inc. (TPVI) has received the Certificate of Effectivity (COE) from the Power Sector Assets and Liabilities Management Corp. (PSALM) to initiate the former’s purchase of the Naga Power Plant Complex located in Naga City, Cebu.
The COE implements the Sept. 28, 2015 decision of the Supreme Court, which upheld the April 30, 2014 award of the facility to TPVI.
"We appreciate the decision of PSALM and we look forward to operating the facility and contribute to securing the energy needs of the Visayas," AboitizPower President and COO Antonio R. Moraza said. PSALM issued a notice of award to TPVI in 2014 after TPVI posted the highest bid of P1.088 billion for the asset after two failed bidding.
The Supreme Court in a Sept. 28, 2015 decision upheld the validity of PSALM’s public bidding. The High Court reiterated its decision in an Oct. 5, 2016 resolution.
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