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RE: Aboitiz Power Corporation - brix99 - 01-27-2015

big move today !!! Smile

RE: Aboitiz Power Corporation - Rugarai - 01-27-2015

Binitawan ko na AP.
At 45... Wink
Small gain lang...

RE: Aboitiz Power Corporation - brix99 - 01-27-2015

(01-27-2015, 04:14 PM)Rugarai Wrote: Binitawan ko na AP.
At 45... Wink
Small gain lang...

congrats! hold pa muna ako... Smile

RE: Aboitiz Power Corporation - Ollie - 09-21-2015

...up lang thread on news

Top exec: Aboitiz target of increasing energy capacity by 1,600 MW ‘achievable’

ABOITIZ Power Corp. is targeting at further increasing its energy capacity by 1,600 megawatts (MW) in the next four to five years. This is quite achievable, a top official said.

“I believe we can come close. If we don’t, we can come very close to achieving that,” Aboitiz Power Corp. President and COO Antonio Moraza said.

The target was set about a year ago. Since then, the company has been committed to increasing its power-generation capacity to be able to deliver reliable, reasonable and responsible power supply to the country.

“Our beneficial capacity right now is about 2,400 MW, so that’s an additional 1,600 MW to achieve the target. That’s a total of 4,000 MW of beneficial, not attributable capacity, because attributable would be higher,” Moraza added.

The remaining target would be a mix of coal, solar and geothermal energy sources, he said.

“Yes, new geothermal energy between 50 MW and 100 MW, around there. Most of the big geothermal fields in the country, to our knowledge, have already been explored. So, it’s the smaller ones left,” he said.

Increasing the power supply of the country from geothermal sources remains one of the company’s goals in 2015 through its exploration of potential steam wells in Negron Cuadrado and Mount Apo.

It also recently forged a partnership with American company Sun Edison to build solar-power plants in the country. It has also identified roughly 200 MW of potential run-of-river power projects located across the archipelago for the next five years.

Its other power projects include the 420-MW Pagbilao baseload plant in Quezon, which began construction late last year; 68-MW Manolo Fortich hydropower plant in Bukidnon, which will also start construction within the year; and the 600-MW Subic baseload power facility.

“Actually they are all coming up at the same time. Cebu plant is coming up on time and on budget. So, there’s no problem. Pagbilao is also the first quarter of 2018. More or less, the two coal plants will be put up beginning 2018. Bukidnon plant is in the latter part of 2017,” the official said when asked of the status of its power projects.


RE: Aboitiz Power Corporation - Ollie - 09-22-2015

...dagdag balita lang Smile

AboitizPower buys stake in Indonesia project

ABOITIZ Power Corp. (AboitizPower) has gained a foothold overseas via the acquisition of a participating interest in a 110-megawatt (MW) geothermal prospect in Indonesia, the listed power firm told the stock exchange yesterday.

Singapore-based AboitizPower International Pte. Ltd., a wholly owned subsidiary of AboitizPower, “entered into an agreement with PT Medco Power Indonesia to participate in the exploration and development of a potential 2x55 MW greenfield geothermal plant in East Java Province.”

The project will be undertaken through PT Medco Cahaya Geothermal, a subsidiary of PT Medco Power Indonesia.

AboitizPower said PT Medco Cahaya “was awarded the concession to develop the project and is currently in the resource validation and exploration stage.”

AboitizPower President Antonio R. Moraza said in a text message that this is the company’s “first international power venture.”

He added the company will take in a 49% interest in the project, which is currently in the exploratory stage.

Investment cost on the Indonesian venture has yet to be identified.

Mr. Moraza said the company will drill exploratory wells, which are estimated to cost $3 million for two.

AboitizPower -- which is one of three power generators in the Philippines -- has been exploring expansion opportunities in Southeast Asia.

“We’re basically looking at Indonesia as an opportunity. We’ve seen people and we’ve introduced ourselves but there’s nothing firm yet,” AboitizPower Chief Executive Officer Erramon I. Aboitiz said earlier.

Aside from Indonesia, officials earlier said Myanmar, Vietnam and Papua New Guinea are also within the company’s radar.

AboitizPower currently has an attributable power portfolio totaling about 2,300 MW -- involving coal, geothermal, hydropower and oil-based facilities.

The firm committed to have a portfolio of around 4,000 MW in the next five years as it continues to explore expansion opportunities locally and overseas.

AboitizPower is the power arm of Aboitiz Equity Ventures, Inc. -- the listed holding firm of Aboitiz-owned businesses, which also include real estate, food and banking.


RE: Aboitiz Power Corporation - Ollie - 10-23-2015

...this was in The HINT, pwede pa siguro humabol Smile bounce play

Aboitiz firm putting up hydro facility in Isabela

MANILA, Philippines - A unit of Aboitiz Power Corp. will build an 8.5-megawatt (MW) hydroelectric power plant in Isabela after sealing a deal with the National Irrigation Administration (NIA).

In a disclosure to the Philippine Stock Exchange yesterday, AboitizPower said its unit SN Aboitiz Power-Magat Inc. (SNAP-Magat) signed with NIA for the construction of the hydroelectric power plant along the Maris Main (South) Canal along the Magat River which is under the operation and management of NIA.

AboitizPower said the hydroelectric power plant will use the irrigation water released from the Maris Reservoir for the Maris Main (South) Canal.

“The project shall commence in the last quarter of 2015 and is targeted to be completed by November 2017,” the company said.

SNAP Magat and NIA have earlier signed a memorandum of understanding for the former to develop the proposed six-MW Maris South Canal and 1.75-MW Maris North Canal mini-hydropower projects.

In December 2013, the Department of Energy (DOE) awarded a hydropower service contracts (HSC) for Maris Main Canal 1 to SN Aboitiz Power-Greenfield Inc.

SNAP-Greenfield then assigned the HSC to SNAP-Magat, which was eventually granted by the DOE.

SNAP-Magat owns and operates the 360-MW Magat hydroelectric power plant located at the border of Ramon, Isabela and Alfonso Lista, Ifugao after a successful bid for the plant under the Philippine government’s power sector privatization program in December 2006.


RE: Aboitiz Power Corporation - Ollie - 02-02-2016

...operational na

AboitizPower to start full commercial operations of Davao plant

MANILA - Therma South Inc. (TSI), a unit of AboitizPower, is set to start commercial operations of the second unit of its Davao baseload power plant on Tuesday.

The second unit of the Davao plant will add another 150 megawatts (130-MW net) to the Mindanao grid.

“The commercial operations of the Unit 2 could not have come at a better time as Mindanao suffers from power supply problems brought about by El Nino. TSI will provide much needed baseload power for our customers, hopefully contributing to the long term solution of the Mindanao power problem,” said TSI president and chief operating officer Sebastian Lacson.

TSI said Unit 2 has been undergoing testing and commissioning for the past several months and has been delivering on a non-committed basis.

With the full commercial operations of the two units, TSI's customers comprised of 20 electric cooperatives and distribution utilities in the Mindanao region can now receive their full contracted capacity.

The power plant supplies a significant portion of the power supply to Davao, Cagayan de Oro, Gen. Santos, Zamboanga, Butuan, Kidapawan, Tagum, Koronadal, Digos, Pagadian, and Cotabato, among others.

It also supplies power to the Davao region, Cotabato, Sultan Kudarat, Agusan, Surigao, Zamboanga, parts of Bukidnon, and parts of Misamis.


RE: Aboitiz Power Corporation - gnod21 - 03-15-2016

AboitizPower considers new plant in Bukidnon

DAVAO CITY -- Hedcor, Inc., an Aboitiz Power Corp. (AboitizPower) subsidiary focusing on hydropower facilities, is looking at setting up another plant in Bukidnon province with a capacity of between 60 to 120 megawatts (MW).


RE: Aboitiz Power Corporation - niceNslow - 05-17-2016

Aboitiz Power hikes 2016 capex to P51.5 B
By Danessa Rivera (The Philippine Star) | Updated May 17, 2016 - 12:00am

MANILA, Philippines - Aboitiz Power Corp. has increased its programmed capital expenditures (capex) this year to build power projects that would enable it to get closer to its 4,000 megawatts (MW) goal.

After the company’s stockholders’ meeting yesterday, AboitizPower president and chief operating officer Antonio Moraza said the company raised its capex by 50 percent from P34.4 billion to P51.5 billion this year for three ongoing projects.

These projects are the 68-megawatt (MW) Manolo Fortich hydropower plant, 340-MW coal-fired power plant in Cebu under Therma Visayas Inc. and the 420-MW coal-fired Pagbilao III.

“The one that will be finished the earliest is Manolo Fortich, that’s to finish sometime next year, probably third quarter. Other than that, Pagbilao will probably be done by November next year and Cebu would probably be sometime early 2018,” Moraza said.

This year’s capex is over 80 percent of the Aboitiz Group’s total capex.

Moraza also said pre-construction works are ongoing for the 600-MW Redondo Peninsula Energy (RP Energy) project in Subic, Zambales.

RP Energy is a consortium of Meralco PowerGen Corp., AboitizPower and Taiwan Cogeneration International Corp.

AboitizPower chief executive officer Erramon Aboitiz said construction of RP Energy is expected to start towards the end of the year, and the cost is also included in this year’s capex.

“RP Energy was expected to already be in construction last year... hopefully, towards the end of the year, we can probably start that project,” he said.

With all these projects, AboitizPower is on track to meet its goal of 4,000 MW in generating capacity.

“On targets, we are more or less on target of achieving our 4,000-MW goal but there potentially could be a little bit of delay as far as 2020 year [target] is concerned. We are a little behind on RP Energy but everything is moving,” Aboitiz said.

Meanwhile, the power firm is also interested in bidding for Chevron Corp.’s Asian geothermal energy blocks in Indonesia and the Philippines once these are offered.

“We’re always on the lookout for opportunities in the Philippines and or in the region now. We understand Chevron is thinking of selling their assets. When that time comes... it’s something we’ll probably be looking at. At this point, we are waiting for formal advise,” Aboitiz said.

RE: Aboitiz Power Corporation - Ollie - 07-08-2016

...stay means hindi muna sila magtatayo ng bagong power plant, acknowledges glut in power supply in Mindanao in the future with so many players in the area

AboitizPower announces stay on geothermal, coal-fired projects

DAVAO CITY -- The Aboitiz Power Corp. has shelved plans to set up a geothermal plant as well as the expansion of its 300-megawatt coal-fired power plant at the boundaries of the city and Davao del Sur.

While not directly explaining why the plans were pushed back for another time, first Vice-President for Mindanao Manuel M. Orig said the company is currently gearing up for another geothermal plant in Indonesia.

“We are already assured that there are ready resources in Indonesia that the company can tap unlike here where we still need to explore for geothermal,” said Mr. Orig.

Early this year, Mr. Orig said that the company will only pursue the plan to put up the geothermal plant here if it is assured of a resource that can generate about 100 megawatts of power.

In 2014, the company announced plans to put up a 200-MW geothermal power plant as it explored about 20,000 hectares within the Mount Apo reservation. The company has not disclosed the result of that exercise.

The company has also postponed its plan to expand its 300-megawatt coal-fired power plant, the first new power plant to operate in Mindanao in the last 10 years.

Sebastian Arsenio R. Lacson, president of Therma South, Inc., the subsidiary that operates the power plant, said the company decided to forego the plan as it projects power supply in Mindanao to be in surplus with the operation of several new power plants, among them those of Sarangani Energy Corp. of the Alcantara Group and the SMC Global Power Holdings of the San Miguel Corp.

But Mr. Lacson did say that the company is not completely shelving the plan. “It is there, but we will not pull the trigger yet,” he added.

Based on the projection of the Department of Energy, Mindanao will have about 2,000 megawatts of power by 2019, or about 500 megawatts in surplus. At present, power growth consumption, based on government estimates, is under 7% annually.