Aboitiz Power Corporation
Aboitiz power deal with Batangas utility gets green light

AN ABOITIZ Power Corp. unit has been allowed to supply more power to the Batangas grid, an Energy Regulatory Commission (ERC) notice showed.

The state agency said it approved the three-year power supply agreement between Aboitiz Power Renewables, Inc. and distribution utility First Bay Power Corp.

Under the approved deal, Aboitiz Power Renewables will provide 37 megawatts (MW) of energy from the 747-MW Tiwi-Makban geothermal power plant to First Bay’s franchise area in Batangas for P3.77 per kilowatt-hour.

Both parties, in filing the agreement for approval, had said the supply deal would increase the reliability of the transmission grid and also lower line rental costs as the power plant is just nearby, the ERC said in the notice.

The agreement was approved by the ERC in January but was only released in May.

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Finally nagbreakout na si AP sa triangle. Congratz sa mga bumili nito. Base on the pattern this may hit around P41.
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Davao City government OKs Aboitiz Power's 300-MW power plant

MANILA, Philippines - Aboitiz Power Corp. (APC) has received clearance from the Davao City government to proceed with its 300-megawatt coal-fired power project.

In a statement, APC said the Davao City Council has endorsed the P25-billion circulating fluidized bed combustion (CFB) coal-fired power plant project of its wholly-owned subsidiary Therma South Inc. (TSI).

TSI will utilize clean coal technology (CCT), which seeks to reduce harmful emissions in many ways. Among them is by employing CFB.

CFB enables highly efficient production of electricity while capturing harmful particulates (sulfur and carbon dioxide) with sorbents and precipitators to prevent them from entering the atmosphere.

Citing the city’s needs for power to propel its growth and the need to address the looming power crisis in Mindanao, 23 of the 24 councilors present approved the resolution endorsing the project. One councilor objected to the resolution and another was on leave.

City vice mayor and presiding officer Rodrigo Duterte said the vote was for the future of the city.

“We need power for the city. This vote was about control. We want this plant inside Davao so we will have control and jurisdiction over it,” he said.

The councilors earlier voted to adopt the joint committee report of the committees on energy, environment, health and trade recommending the endorsement of the project.

The council also approved the proposed ordinance reclassifying the area on which the proposed power plant will be built from protected medium-industrial to heavy industrial zone.

The four committees held three different committee hearings on the project since April that allowed the project proponent to present the project as well as the oppositors to present alternatives and to question the proposal.

“The power crisis that the city of Davao and the whole island of Mindanao is facing is real and the government and the private sector must join hands to cushion the people of Davao from the adverse and debilitating effects of such a crisis,” joint committee chairperson Pilar Braga said.


“Given the advances of modern technology and with the direct and constant supervision of government, a coal-fired power plant is relatively safe for the environment and human health and shall follow appropriate emission standards,” she added.

Seen as an enabler, the clean coal project can provide livelihood opportunities, and can help encourage the private sector to invest in greenfield initiatives in the region.

Davao City’s approval came more than two months after the neighboring municipality of Sta. Cruz, Davao del Sur approved the project. Host barangays Binugao (Davao City) and Inawayan (Sta. Cruz) also issued separate resolutions interposing no objection to the project last April.
when GOD steps in, MIRACLE happens.....

It's more fun in FOREX!!!

...epgarias, that was a nice call on AP...hindi ko binigyan pansin yung call to attention mo last time, nakita ko lang na maliit lang yung chart mo hehehe Smile breakout nga ba? and the target happens to be what epgarias?
Pls don't follow me....I'm lost too! hehe
boss there was a significan't accumulation the day before the breakout happen and the breakout day was also supported with above average volume. Pero may opportunity pa makabili mga gusto bibili dito coz of the probability of a possible pullback towards the breakout point before resumption sa price to move up. P41 estimated target ko dito base sa pattern. But before that the P32 and P36 should be broken. Maganda e swing trade ito.
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...nice two thumbs up...basta big cap stocks ok yan...
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Meralco buys Aboitiz unit for coal plant

MANILA ELECTRIC Co. (Meralco) has moved to acquire a controlling stake in the Aboitiz Power Corp. unit that is building a 600-megawatt coal-fired plant in Zambales, disclosures filed with the local bourse showed.

MANILA Electric Co. yesterday said its board has decided to acquire a majority stake in the firm in charge of developing a 600-megawatt coal plant in Subic. -- Jonathan L. Cellona
Meralco said its board yesterday decided to take over Redondo Peninsula Energy, Inc. (RP Energy) from Aboitiz Power and Taiwan Cogeneration International Corp. without specifying the purchase price.

“It is envisaged that the Meralco Group will have a majority ownership interest in RP Energy while Aboitiz Power and Taiwan Cogeneration International will be diluted equally and have a combined holding of less than 50%,” the distribution utility said.

RP Energy has the development rights over the coal-fired power plant planned to rise at the Subic Bay Freeport Zone. The planned acquisition falls in step with Meralco’s plans to start building a 1,500-megawatt (MW) power generation portfolio starting with a 600-MW base load plant and a 150-MW peaking plant by 2014.

The deal with RP Energy’s owners will be sealed “in the next few weeks,” Meralco said.

In a separate disclosure, the utility divulged plans to borrow P5 billion by issuing notes to bankroll corporate spending.

The fund-raising will involve P4.5 billion worth of fixed-rate notes due by 2021 and P500 million due by 2018.

Meralco had said it intends to build a 1,500-MW power generation portfolio to take advantage of the projected 11,900-MW supply gap in Luzon that could be seen by 2020.

Reported net income of Meralco for the first quarter went up 6% to P2.1 billion from P2 billion in the same period last year despite lower average pass-through costs and energy sales. Consolidated core net income grew by 64% to P3.2 billion in the first quarter from P1.98 billion.

Shares in Meralco closed at P275, up 1.55% from its previous close of P270.80 a piece. Shares in Aboitiz Power closed at P30.60, up 0.49% from its previous close. -- ENJD

Source: Business World

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Bro GBK, thanks sa chart! Smile

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