Aboitiz Power Corporation
..akala ko sa mga misis napupunta ang lahat ng mga pondo ng asawa? Big Grin

okay yan pareng jomski, magdouble your money ka dyan sa hawak mo hehe pang LONG TERM na yan..
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
Manila Electric Sales ‘Mirror’ Record 2010, Reyes Says
By Cecilia Yap - July 20, 2011 22:39 EDT

July 21 (Bloomberg) -- Manila Electric Co., the Philippines’ largest power retailer, expects sales in the first half and for the full year to “mirror” its record 2010 performance, Chief Operating Officer Oscar Reyes said in a phone interview today.

Manila Electric rose 3 percent to 285 pesos as of 10:35 a.m. on the Philippine Stock Exchange, set for its highest close since January 12. It was up as much as 6.6 percent earlier in the session.

“We had a very credible first half, mirroring the record sales we had last year,” Reyes said.

A unit of Manila Electric will sign tomorrow an agreement with Aboitiz Power Corp. and Taiwan Cogeneration International Corporation to build a 600-megawatt coal-fired power plant inside the Subic Bay freeport zone located north of the capital.

“This signals Manila Electric’s formal intent to re-enter the power generation business after having been absent for close to 35 years,” Reyes said. “It speaks of our commitment to provide adequate, reliable and affordable electricity to customers.”

Manila Electric’s client base may reach five million by the end of this year, Reyes said.


Sana sumabay kay MER si AP tom ... Big Grin
Aboitiz Power’s Second-Quarter Core Net Income Falls 10%
By Lars Klemming - July 28, 2011 20:34 EDT

July 29 (Bloomberg) -- Aboitiz Power Corp.’s core net income dropped 10 percent to 5.3 billion pesos in the second quarter from a year earlier, the company said in a statement to the stock exchange posted today.


^Dodgy disappointing...
Credit watcher retains top debt rating for Aboitiz Power

DEBT WATCHER Philippine Rating Services Corp. (PhilRatings) has retained the top credit score it assigned to Aboitiz Power Corp.’s almost P7 billion worth of debt instruments, citing the power generator’s strong cash flow.
“PhilRatings has maintained the existing PRS Aaa issue ratings for Aboitiz Power’s outstanding P3.89-billion corporate notes and P3-billion fixed-rate bonds,” the credit rater said in a statement yesterday.

The corporate notes will mature in 2013 and 2015 while the fixed-rate bonds will mature in 2012 and 2014.

“The obligor’s capacity to meet its financial commitment on the obligation is extremely strong,” the agency added. The bonds carry a coupon rate of 8% and 8.7% per annum, respectively, and were both issued in April 2009.

“Due to the company’s profitable acquisitions in the past two years, it has been able to substantially increase its yearly cash flow and build up a sizeable cash reserve,” PhilRatings said.

Source: bworldonline

dinaig pa ang US. haha
[Image: ap08052011.png]
Aboitiz Power Corporation : AboitizPower assigned highest rating by PhilRatings for P3.89-B corporate notes and P3-B fixed-rate bonds

MANILA, Philippines--AboitizPower (PSE ticker symbol: AP) has been assigned the highest possible rating by the Philippine Rating Services Corporation (PhilRatings) for the company's bonds and corporate notes, proclaiming these to be "of the highest quality with minimal credit risk". According to PhilRatings, the "PRS Aaa" rating it gave to AboitizPower indicates the company's "extremely strong capacity to meet its financial commitment".

The PRS Aaa rating covers AboitizPower's P3.89-billion (bn) Corporate Notes and P3-bn Fixed-Rate Bonds. The corporate notes will mature in 2013 and 2015 while the fixed-rate bonds will mature in 2012 and 2014.

PhilRatings is the country's pioneer domestic credit rating company. It assigns ratings for debt issues, commercial papers and bonds or notes issued by companies in various sectors. In its rating, PhilRatings considered AboitizPower's consistent robust operating profit from a diverse portfolio of operating subsidiaries. It also focused on the solid track record of the Aboitiz management team in power and other industries, along with its prudent business and financial policies. AboitizPower's capacity to compete effectively and efficiently in a more competitive power industry also helped boost the ratings assessment.

AboitizPower's business portfolio includes both power generation and power distribution. It runs hydro, geothermal, coal-fired and oil-fired power plants and oil-fired power barges. The company has over 70 years of experience in the development, financing and operation of power generation facilities.

The company continues to be one of the country's leading providers of energy, with a total attributable capacity of 2,051 MW as of the end of 2010. It also has an ownership stake in seven power distribution utilities.

A tradition of commendation

Prior to the announcement of PhilRatings, AboitizPower and Erramon Aboitiz, in his capacity as president and CEO of holding company Aboitiz Equity Ventures, Inc. have also earned outstanding recognition in Asiamoney's Best Managed Company Awards 2010.

Every year, the international financial magazine recognizes the top small, medium and large cap companies in each major country in the Asian region and also singles out one outstanding executive. For the Philippines, AboitizPower was named Best Large Cap Company and Erramon Aboitiz, the country's Top Executive.

The Best Managed Company and Top Executive awards are industry recognitions and not based on an open poll with completed questionnaires. Asiamoney journalists speak to people in the industry - CEOs, CIOs and senior executives from fund management and hedge fund companies, as well as senior analysts in brokerages across Asia. Companies are measured against a list of criteria including profitability, market leadership and innovation.

AboitizPower also prominently ranked in seven categories in the 11th annual Best Companies in Asia poll conducted by FinanceAsia, the publication of choice for the Asian investment community. FinanceAsia's awards, which are given per major Asian country, are considered an industry benchmark. Every year, the magazine solicits nominations and votes from more than 300 investors and analysts across the region.

In the Best Managed Company category, AboitizPower ranked 2nd, improving its 6th ranking in 2010. For Best Corporate Governance, AboitizPower stayed steady at 6th, same as last year. In the category of Best Investor Relations, AboitizPower ranked 3rd from last year's 7th place. For Best CSR, AboitizPower improved its ranking to 3rd place from last year's 7th spot. In the Most Committed to a Strong Dividend Policy category, AboitizPower landed in 4th place from last year's 6th.

Profit boost

AboitizPower's profitability was greatly lifted by its acquisition of the Tiwi and Makiling-Banahaw geothermal facilities, and its becoming the Independent Power Producer Administrator (IPPA) of the Pagbilao coal power plant, both in 2009. Its net income increased by 335% from P5.8 bn in 2009 to P25.1 bn in 2010.

The company's profitable acquisitions in the past two years substantially increased its yearly cash flow and built up a sizeable cash reserve. These provide a significant cushion relative to the amount of debt obligations of the company. As of end 2010, AboitizPower had a cash reserve of P18.3 bn, with P27.3 bn in cash generated from operations during the year.

This greatly strengthened profitability firms up AboitizPower's equity, resulting in a continued improvement in capitalization. As of end 2009, its debt to equity ratio is 2.18 while debt to equity ration as of 2010 is 1.33.

PhilRatings sees AboitizPower as well placed to pursue opportunities that will result from the planned implementation of Retail Competition and Open Access beginning December 26, 2011, together with the government's thrust towards the use of renewable energy.

AboitizPower continues to be committed to finding a balanced mix of harnessing power from renewable and non-renewable sources to meet the energy needs of the country. The company intends to bid for other IPPAs, other targeted assets being sold by Power Sector Assets and Liabilities Management Corp., as well as other hydro power plants that may be offered for privatization by government. The company is also in various stages of certain brown and Greenfield projects in Davao, Cebu and Subic. This will further augment the country's power capacity, as well as strengthen AboitizPower's presence in the energy industry.

AboitizPower is the holding company for the Aboitiz Group's investments in power generation, distribution, retail and power services. It is a major producer of Cleanergy, its brand for clean and renewable energy in the Philippines with several hydroelectric and geothermal assets in its generation portfolio and also has non-renewable power plants located across the country. The company owns distribution utilities that operate in high-growth areas in Luzon, Visayas and Mindanao.

SOURCE: 4-traders

share ko lang po for AP holders Smile

Coal is seen to remain dominant in local energy mix

(Special Feature)By MYRNA M. VELASCOAugust 14, 2011, 8:00amMANILA, Philippines — The frenzied move to “green energy future” is a mesmerizing prospect to many.

We all know for sure that the country’s energy demand will grow at a rate that it will require alternatives in the mix going forward – and that will entail plunge in renewables, albeit not exclusively.

But let us not kid ourselves into believing that the transition will be seamless. As a matter of fact, it could be a painful shift – both from the viewpoints of cost and supply reliability (the second being a trickier experiment if we push our luck with less proven technologies). Take this as parallelism: A kite with no wind to keep it aloft isn’t going anywhere but the ground. The “clean tag” after all, may just be the “icing on the cake.”

Alright, for the sake of argument, let us say that coal is the solution from the other side of the fence. By any measure, it is an option that could not – and will never – be categorized in the “zero-carbon zone.”

So, is coal considered the “frenemy” (friend or enemy) of renewables? Energy experts don’t think so. Comparing the two or pitting these technologies against each other won’t be a fair metric, they point out. They must complement each other in the mix, they said, because one is a sure-fire solution to reliability. For renewables, they can be set as ally to carbon footprints reduction. Well, yes, it must also be noted that coal could very well pass ‘the clean energy standard’ with the deployment of more advanced and efficient technologies, especially in the upcoming fleets of generation facilities.

It is certainly not an easy choice. However, with the electricity supply crunch that the country has been experiencing, isn’t coal the ‘necessary evil’ that we all need to prevent our electricity sector from tumbling into a new round of crisis?

Stark realities

There are stark realities that must be factored into the equation: With power supply lack, the Philippine economy could hurriedly flat-line while the rest of Asia grows. Textbook economics may also readily explain that even a sheer case of supply tightening can send price signals to soar – and that only means one thing, heavier burden in the consumers’ pockets.

This is the bigger question: Do we really have any immediate and feasible option? The operative words here are: Realistic solution. On the whole, the facility must be one that can meet the electricity system’s requirement for baseload generation; at the same time, it can ensure supply reliability (with adequate and stable fuel source); and something that can also be set on scale (in terms of size and dependable capacity) so that the resulting price will be relatively affordable to consumers.

The answers would matter a great deal. If policymakers would dither, then the country would better prepare itself for the worst – a crisis.

Despite the flurry of criticisms, Energy Secretary Rene D. Almendras appeared ready taking on the tough decisions, especially when he frankly laid down that the country needs coal plants to bridge the immediate gap in power supply and position the electricity sector into the longer term agenda of energy security.

Some sectors are adamant. But the energy chief is forthright in his pronouncements that policy choices must be prioritized. When supply stabilizes with the initial entry of the coal plants, he notes that the alternatives – ranging from gas to renewables (the mature and un-proven technologies alike) can already be lumped into the mix with less drawbacks.

Across grids, the line-up of greenfield projects listed by the energy department which are coming on stream in the next 3 to 5 years to meet the country’s short- to medium term supply are mostly coal-powered fleets. Visayas grid already came ahead with the grid synchronization of the Toledo and Kepco-Salcon plants. Luzon will come next with the much-anticipated commercial operation of the 600-MW facility of GN Power by 2013; while the newly-decided 600-MW Subic coal project of the Meralco PowerGen-Aboitiz-Taiwan Cogeneration group will be on-line by 2014 to 2015. The power supply solution for Mindanao are similarly anchored on coal plants – with final investment decisions already rendered for the proposed 300-MW Davao facility; and the project of Conal Holdings of the Alcantara group for 200-MW capacity.

With all these projects coming into fruition, Mr. Almendras is finally feeling relief that he can thwart the crisis that has been threatening the power industry when he came. The next focus, he says, will be the longer term policy agenda to satiate the country’s energy demand up to the 2030 planning horizon.

The energy secretary has the growing economy to give a sharp focus on. Currently, the energy demand is seen growing at 3.0-3.5%; but this is seen climbing to 4.5-4.7% in the next 3 to 5 years if the economic and population growths penciled in by government planners would materialize.

Winning the NIMBY mindset

The Aboitiz conglomerate, despite its diversified portfolio of power generation facilities, is very much into the forefront of developing the next batch of coal plants. Being a pro in the business has not spared the company from going through the tedious process of winning social acceptance for its coal projects -- from its proposed P25 billion power plant in Davao to the ‘siting predicament’ it is now confronted with for its proposed Subic facility.

The ‘not-in-my-backyard’ or NIMBY mindset is a routine hurdle that coal project developers must fend off – a high point in ensuring project siting, if done.

In an interview, Mr. Luis Miguel Aboitiz, senior vice president of Aboitiz Power Corporation, points out that the whole process entails presenting a clear case to your prospective host community – what are the pluses that the project would bring to them that can outweigh their pessimistic views on the project. “It’s not a matter of winning, it is a matter of achieving consensus that the project does deserve to be built. I don’t view it as a win-loss situation,” he emphasizes.

The company says it opens its doors to discussions, even to the most unyielding of its oppositionists. Aboitiz Power first vice president Ray Cunningham explains that the conglomerate would normally approach the concern of social acceptance “with great sensitivity and a lot of compassion.” By that, he means “respecting the views raised and we respond to concerns … we deal with all sectors, including oppositionists who have no willingness to consider accepting that kind of generation,” noting further that “a project like this should be able to take the worst criticisms from anybody.”

The cases for Davao and Subic coal plants

In the course of the interview, the Aboitiz conglomerate executives emphatically discussed both the technical and economic merits of their proposed coal project in Mindanao – and why the company has tugged its way into having Davao as its host community.

Mr. Cunningham explains that by constructing the power plant in Davao, the consumers in the area would be able to generate savings of P.100 per kilowatt hour (kWh) for what could have been a more expensive transmission charge if the facility is sited outside Davao. “So it is a way of offering people in Davao City that, it would not only be the tax benefits, but also cheaper electricity for them.”

The choice for coal, Mr. Aboitiz qualifies, has also been rooted on the fact that Mindanao’s power supply-demand dynamics “have not been realistically calculated,” particularly under the assumption of having droughts – a scenario that afflicts the grid every 7 to 9 years when extreme weather condition of the El Niño scale menaces its supply source because of its very high dependence on hydro capacities. This, in tandem with the need to plug supply gap, has been the same arguments that Conal Holdings will be pitching for its coal plant project in Saranggani province.

“The criteria for dependable capacity depends on the region or the grid being served … I think the more important thing is, if there’s a drought, that extra power will be needed,” Mr. Aboitiz says.

He similarly echoes the view that coal technology will still form a great part in the country’s quest for long-term energy security. Thus far, Mr. Aboitiz opines that it is not just a technology in transition, but something that will satiate the country’s and the world’s energy demand – even for the next 25 to 50 years. “Some people say it’s a bridge, but I can sense that it would be a pretty long bridge … you are not going to build a plant and operate it in three years and then you shut it down and wonder what else could be coming along, you’ll never know for sure. So (coal technology) is something that will be there for 25 years or longer,” he adds.

Moving on to the newly-firmed up $1.28 billion Subic coal plant investment, Meralco Power Gen which is now the majority shareholder in the venture, declares that its entry into the project is based on the need to immediately “augment generation capacity in the Luzon grid.”

Meralco senior executive vice president and COO Oscar S. Reyes is thrilled at prospects that the Subic facility (which shall be implemented under Redondo Peninsula Energy as corporate vehicle) “will play a strategic role in helping meet 8% of the entire Luzon grid’s power needs.” The utility firm is gearing up to sign a power supply agreement (PSA) for the project’s capacity so it can fully meet its customers’ growing demand.

Calculating carbon footprints: From cradle to grave

As environmental footprints of energy sources are pushed deeper into the human psyche, the debates as to which technology is “clean” or “dirty” seem endless.

But scientists have another way of calculating carbon footprints – that they are not only reckoned from the actual generation of electricity at the plants; but how the full-product life cycle “from cradle to grave” had at some point in the chain, caused distress in the environment. They note that this similarly applies to manufacturing processes even for renewable energy technologies (like the production processes involved for infrastructures in solar, wind or biomass) up until their deployment for power generation. Taking that as a gauge, some experts argue that there is really nothing that can totally measure up as “clean energy” – there is only the presence or evolution of technologies that can pull electricity generation on a cleaner slate.

In coal’s case, project sponsors contend that “present clean coal technology (the likes of circulating fluidized bed or CFB) is so much safer, healthier and environmentally protective.”

Mr. Manuel Orig, Aboitiz Power Mindanao first vice president, notes that “the coal-powered plants that people usually think of are the ones from the 1950s and 1960s,” but since then, he qualifies that “clean coal technology has been developed to ensure that coal-powered plants have minimal impact on the environment and for them to be safer to operate and will also protect the health of the surrounding communities.”

And upon the wishes of the environmentalists, stricter standards have also been prescribed (by the Philippine Clean Air Act and international entities like the World Bank), chiefly to contain and bring to bare minimum the emissions from coal plants.

SOURCE: Manila Bulletin Publishing Corporation

Duterte makes turnabout, now questions proposed coal-fired power plant

DAVAO City, Philippines—Davao City Vice Mayor Rodrigo Duterte, who had been a strong endorser of a coal-fired power plant that Aboitiz Power Corp. plans to erect in the Toril district here, says he now has apprehensions about the project after learning that the plant will require a lot of fresh water.
“I was made to understand that they will be using sea water,” Duterte told reporters Thursday.
Duterte said he learned only recently that Aboitiz would be drawing fresh ground water to run the power plant and not sea water as he had been made to believe.
The plant is to be located in Toril’s Binugao area, which sits on one of the city’s known aquifers.
Duterte said his fear about the loss of fresh water in Binugao was the same reason he ordered the suspension of a city council resolution approving the reclassification of the area, including the site of the proposed 300-megawatt plant, into an industrial zone.
Binugao is currently classified as a protected medium industrial and protected open space easement.
“I am sorry to delay the project but there are things that need to be addressed,” Duterte said.
Duterte said his previous strong support for the project was anchored on the belief that it would help solve an impending power crisis.
“But it’s a different matter when the fresh water of Davao will… be compromised,” he said.
Based on Aboitiz data, the coal-fired plant will need more than half a million cubic meters of water per year to cool down its generators.
Duterte said the problem was that Aboitiz never said it would bore wells to draw ground water for its needs.
“This is fresh water we are talking about,” he said. “This is a supply that is intended for the next-generation Dabawenyos.”
Manuel Orig, Aboitiz first vice president for Mindanao affairs, said they would discuss the issue with Duterte and the city council.
The Network Opposed to Coal (No to Coal-Davao) said it was happy about Duterte’s turnaround.
“Thank you, Vice Mayor Rodrigo Duterte for taking up the issue of water that will be used by the coal-fired power plant in Binugao. I promise you that one day soon you will also find that the drinking water sources will be contaminated with mercury, arsenic, molybdenum, cadmium, manganese, etc…” said Dr. Jean Lindo, No to Coal convenor.

Source: business.inquirer.net


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