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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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