Aboitiz Power Corporation

Aboitiz Power Corporation (AP) was incorporated on February 13, 1998 as a holding company for the Aboitiz Group's investments in power generation and distribution. However, in order to prepare for growth in the power generation industry, AP was repositioned in the third quarter of 2003 as a holding company that owned only power generation assets. The divestment by AP of its power distribution assets was achieved through a property dividend declaration in the form of AP's ownership interests in its different power distribution companies. The property dividend declaration effectively transferred direct control over the Aboitiz Group's power distribution business to Aboitiz Equity Ventures, Inc. In 2005, AP consolidated its investments in mini-hydroelectric plants in a single company by transferring all of Hydro Electric Development Corporation's (HEDC) and Cleanergy, Inc.'s mini-hydroelectric assets into HEDCOR, Inc. (formerly Benguet Hydropower Corporation).

AP has investments in power generation and distribution companies throughout the Philippines. Since its incorporation, the Company has accumulated interests in both hydroelectric power generation plants and thermal plants. AP conducts its power generation activities through its subsidiaries and affiliates, namely Aboitiz Renewables, Inc., AP Renewables, Inc., SN Aboitiz Power-Magat Inc., SN Aboitiz-Benguet, Inc., Hedcor, Inc., Luzon Hydro Corporation, Hedcor Sibulan, Inc., Hedcor Tamugan, Inc., Therma Power, Inc., Therma Luzon, Inc., Therma Marine, Inc., STEAG State Power Inc., East Asia Utilities Corporation, Cebu Private Power Corporation, Abovant Holdings, Inc. (Abovant), Cebu Energy Development Corporation, Southern Philippines Power Corporation, Western Mindanao Power Corporation, Redondo Peninsula Energy, Inc.

AP also owns interests in several distribution utilities such as the Visayan Electric Company, Inc., Davao Light and Power Company, Inc., Cotabato Light and Power Company, San Fernando Electric Light and Power Co., Inc., Subic Enerzone Corporation, Mactan Enerzone Corporation, Balamban Enerzone Corporation.

Aboitiz Equity Ventures (AEV) owns 76.40% of the outstanding capital stock of Aboitiz Power as of February 28, 2011.

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^^..master knight, ano ibig sabihin nyan? Smile

Mod O,

Maybe this is the reason why AP went up by P1.10 or 3.7931% today.

"Therma Mobile, Inc. (Therma Mobile), a wholly owned subsidiary of Aboitiz Power
Corporation (AboitizPower), acquired today four (4) barge-mounted floating power
plants including their respective operating facilities from Duracom Mobile Power
Corporation and East Asia Diesel Power Corporation."

go AP, go for P32 hehe
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.
^^Fave mo talaga si AP. Maybe next time, you can let us know your next buying opportunity. Tongue
(05-31-2011, 09:25 PM)aiu1225 Wrote: go AP, go for P32 hehe

sana lagpasan ang 32 para tuloy tuloy na ito.. sa ngayon parang hirap siya mag 31 eh.. siguro di pa napapanahon.. hehe..

AP believer din ako eh loaded ako nito haha kaya umaasa ako dito for mid - long term.. isa din to sa favorite kong stock Big Grin
Commencement of Commercial Operations of Unit 3 Ambuklao Hydroelectric Power Plant

Aboitiz Power Corporation (AboitizPower) was informed by its affiliate, SN Aboitiz Power-Benguet, Inc. (SNAP-Benguet), that Unit 3 of the 75-MW Ambuklao Hydroelectric Power Plant (Ambuklao Plant) located in Bokod, Benguet commenced commercial operations.

Unit 3, which has a rated capacity of 35 MW, is one of the three generating units of the Ambuklao Plant that was rehabilitated in 2008 following its turn over by Power Sector Assets and Liabilities Management Corporation (PSALM). The rehabilitation works will restore and increase Ambuklao Plant’s generating capacity from 75 MW to 105 MW. The rehabilitation project involving the remaining units is scheduled to be completed by the 3rd quarter of 2011.

SNAP-Benguet, a consortium between Aboitiz Renewables, Inc. and SN Power AS, took over the Ambuklao Plant after a successful public bidding conducted by PSALM for the acquisition of the Ambuklao-Binga Hydroelectric Power Complex, consisting of the Ambuklao Plant and the 100-MW Binga Hydroelectric Power Plant located in Itogon, Benguet.

[Image: m115.gif] ligo muna si monkey Tongue

[Image: 2011junaboitizpowercorp.png]
Aboitiz coal plant bags Davao council approval

DAVAO CITY -- Aboitiz Power Corp.’s plans to build a 300-megawatt, coal-fired power plant here has been granted endorsement by nearly all local councilors, thus paving the way for permits from the mayor and other state agencies to be released.
The city council also approved a corollary resolution on first reading that amends the site’s zoning to accommodate the power plant.

All but one councilor endorsed the P25-billion project at Tuesday’s regular session.


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