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Aboitiz Power Corporation
Aboitiz Power adds 5 MW supply to Zamboanga coop
By Danessa Rivera (The Philippine Star) | Updated January 18, 2017 - 12:00am

MANILA, Philippines - Aboitiz Power Corp. has contracted an additional five megawatts (MW) of clean energy to Zamboanga Del Norte Electric Cooperative (Zaneco) from its Manolo Fortich hydropower facility in Bukidnon which will be completed in the third quarter of 2017.

AboitizPower said in a statement yesterday its subsidiary Hedcor Bukidnon Inc. signed a power supply deal with Zaneco for an additional five-MW power supply for its franchise areas in 2017.

This is on top of the five-MW supply contract Hedcor and Zaneco inked in June 2016.

In total, Hedcor’s 68.8-MW Manolo Fortich hydropower project will provide 10 MW of contracted supply.

“Manolo Fortich hydro will enable us to further our commitment to support the energy needs of our country, particularly Mindanao. At AboitizPower, we look beyond profitability and explore better ways to integrate good social development and responsible environmental stewardship into our business operations,” Hedcor vice president for Mindanao operations Rolando Pacquiao said.

With Zaneco’s additional power contract, Hedcor’s Manolo Fortich plant now has a total of 23 MW of power contracted.

Other partner electric cooperatives are Zamboanga del Sur Electric Cooperatives 1 and 2, Bukidnon Second Electric Cooperative, Misamis Occidental I Electric Cooperative and Siargao Electric Cooperative.

The 68.8-MW Manolo Fortich hydropower project in Bukidnon will be the latest addition to AboitizPower’s growing portfolio of renewable energy in the country under the Cleanergy brand.

Hedcor will tap the rivers of Tanaon, Guihean, and Amusig for its two cascading run-of-river power plants in Manolo Fortich, producing 360 gigawatt-hours of clean and renewable energy every year for the Mindanao grid.

Manolo Fortich 1, which is contracted to JV Angeles Construction, is now 70 percent complete while, Manolo Fortich 2, which is being constructed by Sta. Clara International Corp., is now on its 68 percent completion status.

Hedcor currently operates 22 hydropower plants in the country—five of which are located in Davao City, four in Davao del Sur, 11 in Benguet, one in Mountain Province, and one in Ilocos Sur. These power plants produce a combined 185 MW of clean and renewable hydropower energy.
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...kailangan may news mga threads para may mabasa mga holders Tongue

Tsuneishi buys power from Aboitiz

Tsuneishi Heavy Industries, Inc. has tapped Aboitiz Power Corp. to provide power for its operations under the retail competition and open access, or RCOA regime.

Big power consumers like Tsuneishi, or those that require one megawatt or more, have the option to choose their own licensed retail electricity suppliers under the RCOA.

“We chose AboitizPower because we trust them. They have a track record of being a reliable and a responsible power company,” Charlie Ombao, THI factory support department manager, said in a statement.

Aboitiz Power is the holding company for the Aboitiz Group’s investments in power generation, distribution and retail electricity services.

Aboitiz Power has been aggressively expanding its RCOA customers by offering competitive rates and diverse source of power supply.

Tsuneishi, meanwhile, is one of the world’s leading shipbuilders of medium-sized vessels. It manufactures and ships its vessels to different parts of the world from Bamban, Cebu province.

Tsuneishi has received 15 orders that are scheduled for delivery this year. It’s presence in Balamban has spurred economic activity in the area.

From being a fourth-class municipality, Balamban became a first-class town with a total regular income of P301.9 million in the same year, according to data from the Commission on Audit.

From a few stores, more than 1,300 business permits were renewed in 2014 and 242 were issued by the local government. The number of business permit renewals rose to 1,327 in 2015.

Tsuneishi employed 11,260 workers, including 760 direct hires. The company hired qualified residents from Buanoy and other parts of Balamban, as well as those from neighboring Toledo City.

Ombao said Tsuneishi was taking its responsibility to the community and the environment seriously.

In line with its parent company’s vision and mission, the facility in Balamban treats wastewater before discharge, segregates wastes so that only residual wastes are brought to the municipal landfill for final disposal, and complies with environment regulations and standards on the treatment and disposal of hazardous materials.

Tsuneishi also encourages employees to participate in annual tree and mangrove planting activities. The company plans to plant 2,500 indigenous tree seedlings in the uplands of Balamban and 5,000 mangrove propagules on foreshore areas every year.


source: http://manilastandard.net/business/power...oitiz.html
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...shutdown muna

Aboitiz unit temporarily shutters biomass power plant in Batangas

ABOITIZ POWER Corp. (AboitizPower) said its unit Aseagas Corp.’s 8.8-megawatt (MW) biomass power plant in Lian, Batangas will remain shuttered, as the company assesses its options.

In a disclosure to the stock exchange, AboitizPower said the Aseagas plant had earlier halted operations on Nov. 24 due to the unavailability of organic effluent wastewater.

“After evaluating the circumstances and the ongoing technical problems relating to the plant’s fuel stock and digester components, Aseagas decided to maintain the shutdown and to determine the appropriate way forward,” it told the stock exchange on Monday.

The supply of organic effluent wastewater was supposed to come from Absolut Distillers, Inc. The plant converts the organic effluent of Absolut into clean and renewable energy. It is meant to power about 22,000 households while producing 33 tons per day of liquid carbon dioxide for the industrial and beverage industries.

“This continued shutdown will allow us to look at our options, taking into consideration the interests of all our stakeholders,” AboitizPower President and COO Antonio R. Moraza said in a separate statement.

At the same time, Aseagas said it has prepaid an outstanding P2.368-billion loan with the Development Bank of the Philippines (DBP).

Aside from the DBP loan, Aseagas also invested equity of around P950 million for the biomass plant and has around P460 million in outstanding liabilities.

AboitizPower acquired the biomass plant in July last year, adding to its portfolio of renewable energy projects. The deal was through Aboitiz Renewables, Inc., the listed company’s holding firm that houses its investments in renewable energy. AboitizPower acquired the Aseagas facility from parent firm Aboitiz Equity Ventures, Inc.

The biomass power plant was expected to start operating and delivering power to the Luzon grid before October 2016. It built up AboitizPower’s renewable energy footprint, which currently covers large hydro, run-of-river hydro, geothermal and solar.

“Despite these challenges, our other projects are progressing as planned. About 500 MW of attributable capacity, mainly from baseload and hydro power plants, will come online in 2018. We are on track to meeting our 4,000-MW net attributable capacity target by 2020,” Mr. Moraza said.


source: http://bworldonline.com/aboitiz-unit-tem...-batangas/
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..loss

AboitizPower may write off biomass facility in Batangas

ABOITIZ POWER Corp. might take a loss on its biomass facility in Batangas, its president said on Wednesday, days after the company said the 8.8-megawatt (MW) power plant had temporarily ceased operations.

“We are currently continuing our technical evaluation, and a write-off is a possibility,” said Antonio R. Moraza, AboitizPower president and chief operating officer, in a statement.

He said the company expects to be able to make a final decision within the year on the biomass power plant that is currently under extended shutdown.

On Monday, AboitizPower said its unit Aseagas Corp. had advised that the plant in Lian, Batangas temporarily ceased operations on Nov. 24 because of the unavailability of the supply of organic effluent wastewater.

It said that after evaluating the circumstances and the ongoing technical problems relating to the plant’s fuel stock and digester components, Aseagas decided to continue the shutdown and to determine the right way forward.

The supply of organic effluent wastewater was supposed to come from Absolut Distillers, Inc.

Aside from the Aseagas facility, Mr. Moraza said AboitizPower’s projects were on track and should be mostly online in the first half of 2018.

AboitizPower expects to add around 500 MW of attributable capacity next year with the completion of several hydro and baseload plants in Luzon, Visayas and Mindanao.

“The entry of these plants will significantly support the country’s energy reserves and will show that the Philippines is open for business and investments,” Mr. Moraza said.

“We have one of the most diversified portfolios in the country and we continue to be on the lookout for opportunities to push our balanced mix strategy,” he added.

His statement was made during the company’s briefing for analysts on Tuesday, AboitizPower said.

AboitizPower along with partner SN Power of Norway recently completed building the 8.5-MW Maris Canal hydro project in Isabela, while subsidiary Hedcor, Inc. is about to finish the 68.8-MW hydro plant in Manolo Fortich, Bukidnon.

The company is also finishing the 340-MW Therma Power Visayas, Inc. baseload power plant in Toledo City, Cebu and the 400-MW Pagbilao 3 baseload power plant in Quezon province.


source: http://bworldonline.com/aboitizpower-may...-batangas/
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AboitizPower to install 500 MW of new power by 1st half of 2018

AboitizPower, the country's second largest power producer, will add around 500 megawatts (MW) of installed capacity within the first 6 months of next year.

The capacity will come from the completion of several hydro and baseload power plants in Luzon, the Visayas, and Mindanao, according to AboitizPower president and chief operating officer Antonio Moraza.

"The entry of these plants will significantly support the country's energy reserves and will show that the Philippines is open for business and investments," Moraza said in a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, December 6.

"We have one of the most diversified portfolios in the country and we continue to be on the lookout for opportunities to push our balanced mix strategy," he added.

AboitizPower and its partner, Norwegian firm SN Power, recently completed construction of the 8.5-MW Maris Canal hydro project in Isabela, while wholly-owned subsidiary Hedcor is wrapping up construction of a 68.8-MW hydro plant in Manolo Fortich, Bukidnon.

The company is also completing the 340-MW Therma Visayas baseload power plant in Toledo City, Cebu and the 400-MW Pagbilao 3 baseload power plant in Quezon.

Aseagas decision

Moraza added that AboitizPower expects to make a final decision within the year on Aseagas Corporation's 8.8-MW biomass power plant in Batangas, which remains under extended shutdown.

Aseagas is a wholly-owned subsidiary of AboitizPower, through Aboitiz Renewables, its holding company for its investments in renewable energy.

"We are currently continuing our technical evaluation, and a write-off is a possibility," Moraza said in a separate disclosure last Monday, December 4.

The biomass plant temporarily stopped operations on November 24 due to unavailability of the supply of organic effluent wastewater from Absolut Distillers.

"After evaluating the circumstances and the ongoing technical problems relating to the plant's fuel stock and digester components, it decided to maintain the shutdown and to determine the appropriate way forward," Aseagas said.

The company added that it prepaid its outstanding loan with the Development Bank of the Philippines (DBP) amounting to P2.368 billion.

Aside from the DBP loan, Aseagas also invested equity of around P950 million for the biomass plant, and has around P60 million in outstanding liabilities.


source: https://www.rappler.com/business/190598-...s-decision
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SN Aboitiz Power expects 20% rise in sales, profit this year

THE SN Aboitiz Power (SNAP) group expects to end the year with an “almost 20%” increase in revenues and profits, a top official said.

“In the fourth quarter last year and into the first quarter this year, there was a lot of inflow so we were able to keep the dams at a very high level,” Joseph S. Yu, SNAP president and chief executive officer, told reporters in a briefing on Monday.

“So that allowed us to then ride into the dry season with a lot of power. We’re actually running on almost normal load.”

The SNAP group, a joint venture of Norway’s SN Power AS and Aboitiz Power Corp., owns a number of hydroelectric power plants in north Luzon.

“For us, 2017 was a very strong year,” Mr. Yu said, but declined to disclose revenue and profit figures.

SN Aboitiz Power-Magat, Inc. owns and operates the 360-MW Magat hydroelectric power plant at the border of Isabela and Ifugao. Its 8.5-MW Maris Main Canal 1 hydroelectric power plant started commercial operation in November.

“Magat has set a record [for the plant] this year in terms of total kilowatt hours (kWh) produced,” Mr. Yu said.

Another unit, SN Aboitiz Power-Benguet, Inc., owns and operates the 105-MW Ambuklao hydroelectric power plant in Bokod and the 140-MW Binga hydro plant in Itogon.

Ambuklao-Binga hydroelectric power complex is a facility won by AboitizPower through its unit SN Aboitiz Power-Benguet when this was bid out by state agency Power Sector Assets and Liabilities Management Corp. in 2007.

The Ambuklao plant re-operated in 2011 as a 105-MW power plant after its rehabilitation and upgrading between 2008 and 2011. The plant had been shut down and put under preservation since 1999 because of the damage from the 1990 earthquake.

The Binga plant also underwent refurbishment, which was started in 2010 and completed in 2013, resulting in an increased generating capacity of up to 140 MW.

“The front half of the year, we had a lot of inflow, we had a very good hydrology so were able to run much, much more in the front half of the year than we would normally be able to,” Mr. Yu said about the plants’ performance.

“The first two quarters of the year we had very strong production,” he added.

He declined to give SN Aboitiz Power group’s contribution to the revenues and income of parent firm AboitizPower except to say it is “very significant.”

SNAP is currently securing permits for the $420-million hydro facility it is developing in Alimit, Ifugao province. The project is a 390-MW complex composed of three facilities — the 120-MW Alimit hydropower plant; the 250-MW Alimit pump-storage plant; and the 20-MW Olilicon hydropower plant.


source: http://bworldonline.com/sn-aboitiz-power...ofit-year/
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...napapadalas yata ang news dito ah

SNAP to add 500 MW in capacity by 2027

THE SN ABOITIZ Power (SNAP) group is looking to add 500 megawatts (MW) to its existing installed power capacity by 2027 as it plans to build new hydroelectric power plants in northern Luzon, while studying the commercial viability of solar energy and battery storage.

“We’d like to add 500 MW by 2027,” Joseph S. Yu, SNAP president and chief executive officer, told reporters. “We’d like to think we’re strong in the north.”

“One of the tough things for hydro is it’s a seven to 10 years gestation. During those seven to 10 years, so many things can happen in terms of policy, market pricing, how many new plants get built. So it’s a fairly risky endeavor,” he said.

SNAP currently has at least 600 MW of installed capacity, more than half of which comes from SN Aboitiz Power-Magat, Inc. The unit owns and operates the 380-MW Magat hydroelectric power plant at the border of Isabela and Ifugao. Its 8.5-MW Maris Main Canal 1 hydroelectric power plant started commercial operation in November.

Another unit, SN Aboitiz Power-Benguet, Inc., owns and operates the 105-MW Ambuklao hydroelectric power plant in Bokod and the 140-MW Binga hydro plant in Itogon.

Mr. Yu said the company came up with the 500-MW target in part from the forecast demand in the next 10 years.

“It’s really a feel of where the market is going and what would be a reasonable yet aggressive market position for SNAP in 2027. So you draw a line and you pick a point and say that’s where we are going to aim,” he said.

Asked about the capital outlay for the additional capacity, Mr. Yu cited a $3-million to $4-million cost per megawatt or a total of around $1.75 billion for the 500 MW.

Mr. Yu said SNAP was also looking at venturing into other renewable energy sources, specially solar power, although the assessment is at “very early stages.”

“If you look at where the industry is going, if you look at the prices of [solar] panels and where it’s gone, it’s becoming increasingly more and more competitive,” he said. “As this evolves at some point, solar is going to become a very big force in the generation mix.” 


source: http://bworldonline.com/snap-add-500-mw-capacity-2027/
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AP Renewables gets IMS certification

A UNIT of Aboitiz Power Corp. has received its Integrated Management System (IMS) certification with zero non-conformance.

In a statement, AP Renewables, Inc. (APRI) said the certification includes the 2015 versions of ISO 9001 (Quality) and ISO 14001 (Environment), and the 2007 version of OSHAS 18001 (Health and Safety). APRI has been internationally certified since 2015.

TUV Rheinland Philippines, a leading global testing service organization for quality, efficiency, and safety, conducted the certification audit.

APRI President and Chief Operating Officer Felino M. Bernardo said  the certification “underscores APRI’s commitment to achieving world-class operational excellence while mitigating environmental risks.”

“The Integrated Management System guides and challenges us to always look for better ways to further the quality of our operations and services and continually satisfy our customers and stakeholders,” he was quoted as saying in a statement.

APRI, a leading producer of clean and renewable energy in the country, said 44 of its team members attended trainings designed for conducting internal surveillance audit to prepare the organization for external audit.

The Aboitiz unit generates baseload power from its Tiwi-MakBan geothermal facilities located in Tiwi, Albay, and the borders of Bay and Calauan in Laguna and Sto. Tomas, Batangas.


source: http://bworldonline.com/ap-renewables-ge...ification/
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...bayad utang

Aboitiz pays $320 million to settle loan

Aboitiz Power Corp. has paid nearly half of its $650-million loan which was used to partly finance the acquisition of two GNPower coal-fired power plants in Bataan.

The company said its wholly-owned subsidiary Therma Power Inc. (TPI) prepaid a total of $320 million in loans to various lenders.

TPI is the Aboitiz Group’s holding company for investments in non-renewable energy. “TPI used internally generated funds for this purpose,” AboitizPower said.

In a text message, AboitizPower president and COO Antonio Moraza said the loan was partly used to fund the purchase of the GNPower plants.

The Aboitiz Group acquired beneficial interests from Blackstone Group-affiliated investment funds in two GNPower coal-fired power plants in Bataan for $1.197 billion in 2016.

The acquisition was made through TPI, which bought out affiliated investment funds of The Blackstone Group  – World Power Holdings L.P. and Sithe Global Power L.P. – in GNPower Mariveles Coal Plant Ltd. Co. and GNPower Dinginin Ltd. Co., respectively.

AboitizPower said the acquisition cost would be funded by a combination of internally-generated cash and financing from foreign banks.

The acquisition was approved by the Philippine Competition Commission (PCC). The Board of Investments (BOI) cleared the deal on Dec. 19.

Following the completion of the purchase, TPI held an indirect effective interest of 66.1 percent in GNPower Mariveles and 40 percent in GNPower Dinginin.

GNPower Mariveles owns the 604-MW subcritical coal-fired power plant which started operations in 2014.


source: http://www.philstar.com/business/2017/12...ettle-loan
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AboitizPower subsidiary streamlines ownership in two Bataan projects

ABOITIZ POWER Corp. is transferring the ownership of two power generation projects from offshore units to a subsidiary that houses the company’s coal-fired plants, the listed company told the stock exchange on Tuesday.

It said Therma Power, Inc. (TPI) is streamlining its share ownership structure in GNPower Mariveles Coal Plant Ltd. Co. and GNPower Dinginin Ltd. Co., the project companies behind two big power projects in Bataan.

“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 dissolution and liquidation of the offshore intermediary subsidiaries that own the GNPower-Mariveles and GNPower-Dinginin shares,” it said.

“As a result TPI will directly own 66.01% partnership interest in GNPower-Mariveles and 50% partnership interest in GNPower-Dinginin,” it added.

GNPower-Mariveles is a partnership among Therma Mariveles Holdings, Inc., and Therma Mariveles Camaya B.V., both AboitizPower subsidiaries, with Mariveles Coal Project GP Corp., Power Partners Ltd. Co., and AC Energy Holdings, Inc.’s affiliates Arlington Mariveles Philippines GP Corporation, and Arlington Mariveles Netherlands Holdings B.V.

GNPower-Mariveles owns a subcritical coal-fired power plant, including associated and auxiliary assets. The plant has two units each with a capacity of 345 megawatts (MW).

The unit is one of two plants acquired by TPI in late 2016 in line with AboitizPower’s target to increase its “attributable” capacity — or its corresponding share in the power facilities it built with partner companies — to 4,000 MW by 2020.

The other acquired plant, GNPower-Dinginin, is developing supercritical coal-fired power plant with two identical units each with a net capacity of 668 MW. It is expected to start commercial operations in 2019.


source: http://bworldonline.com/aboitizpower-sub...-projects/
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