PSALM Issues Certificate of Effectivity on AboitizPower Subsidiary’s Purchase of Naga Power Plant Complex

Aboitiz Power Corp. (AboitizPower, PSE: AP) 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 […]
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Aboitiz Power Subsidiary Aseagas Shuts Down Plant

Aboitiz Power Corp. (AboitizPower, PSE: AP) 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, […]
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Aboitiz Power Restructures Ownership in GNPower Mariveles and Dinginin Plants

Aboitiz Power Corp.’s (PSE: AP) wholly owned subsidiary Therma Power Inc. (TPI) is streamlining its share ownership structure in GNPower Mariveles Coal Plant Ltd. Co. (GNPower-Mariveles) and GNPower Dinginin Ltd. Co. (GNPower-Dinginin). The restructuring involves the transfer of direct ownership of GNPower-Mariveles and GNPower-Dinginin from the offshore subsidiaries of TPI to TPI and the eventual […]
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SNAP Small Hydro on Track to Completion in 2017

Taguig—(PHStocks)—SN Aboitiz Power-Magat (SNAP-Magat) is set to complete its first greenfield project, an 8.5MW run-of-river hydro plant in Ramon, Isabela this year. Speaking at the second Philippine Hydro Summit in Makati today, SNAP President and Chief Executive Officer Joseph S. Yu said that the plant is already 85% completed and will commence commercial operations in […]
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SEC Approves AboitizPower’s Php30B Bonds

Taguig—(PHStocks)—Aboitiz Power Corp. (AboitizPower, PSE: AP) received the Order of Registration and Certificate of Permit to Offer Securities for Sale dated June 19, 2017 from the Securities and Exchange Commission (SEC) in relation to AboitizPower’s application for the issuance of fixed-rate retail bonds in the aggregate amount of up to PhP30 billion. The first tranche […]
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PHStocks Exclusive: Top 30 Worst Performing Stocks in May 2017

Manila—(PHStocks)—We continue our PHStocks top performers and losers list by providing you the top 30 stocks that have posted the biggest stock price drops over the past month. Of course, there are many reasons why these stock prices fell. Profit taking, for instance, or macroeconomic factors. Nevertheless, this doesn’t mean that these stocks aren’t good […]
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Aboitiz Power Declares Cash Dividends

Taguig—(PHStocks)— The board of directors of Aboitiz Power Corp. (PSE: AP) has declared regular cash dividend of PhP1.20 per share and special cash dividend of PhP0.46 per share to stockholders of record as of 22 March 2016, payable on 19 April 2016. Related Articles:PSALM Issues Certificate of Effectivity on AboitizPower Subsidiary’s Purchase of Naga Power Plant […]
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Aboitiz Equity Ventures Earmarks PhP58.4B Capex in 2016

Taguig—(PHStocks)—High hopes on promising growth prospects for the year led Aboitiz Equity Ventures (PSE: AEV) to allocate PhP58.4 billion in capital expenditure (capex) in 2016, bulk of which will be used for its power expansion projects. “Each of our businesses has the potential for higher financial return and growth, as well as sufficient scale and […]
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