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Aboitiz Power Corp. (AboitizPower) is allocating P50 billion for capital expenditures (capex) next year to help achieve its target of having 4,600 megawatts (MW) of clean energy, or 50 percent of its generation portfolio, by 2030. AboitizPower CFO Juan Alejandro Aboitiz said the amount would be primarily spent for geothermal,…
Advent Energy Inc., a retail electricity supplier (RES) business unit of Aboitiz Power Corporation, has signed up Vita Tropic Ice Company Inc., an ice manufacturing entity, as its first customer under the Green Energy Option Program (GEOP) of the government. The GEOP policy promotes that green e
Vita Tropic Ice Company Inc., an ice manufacturing company in Malabon City, will tap Advent Energy Inc., a retail business unit of Aboitiz Power Corp., for the supply of renewable energy under the government’s Green Energy Option Program (GEOP). GEOP, a salient point of the Renewable Energy Act of 2008,…
Listed firm Aboitiz Power Corporation has inked a new power supply agreement with Nestle Philippines, which calls for the delivery of 24.46 megawatts of capacity to meet the latter’s energy needs. The supply of power to the multinational food and drink company will cover its factories in Luzon,