Aboitiz Power Corp - Company Profile
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Business Description
Aboitiz Power Corp (Aboitiz Power), a subsidiary of Aboitiz Equity Ventures Inc, is a power generation and distribution company. The company through its subsidiary Aboitiz Renewables Inc operates renewable energy plants in the Philippines.
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Business Segments
Overview
It is engaged in the distribution and sale of electricity to the end-users. Sell electricity through bilateral agreements with National Power Corp, cooperatives, utilities, and suppliers. In FY2024, the segment's capital expenditure stood at PHP4,209.6 million, which decreased 17.7% YoY.
Performance
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Overview
It is engaged in the generation and supply of power to various customers under power supply contracts, ancillary service procurement agreements, and trading in WESM. Serves a wide range of industries and communities with a balanced energy mix that utilizes both thermal (coal and oil) and renewable sources (hydro, geothermal, wind, and solar). The segment operates in the Philippines, specifically in Luzon, Visayas, and Mindanao. In FY2024, the segment's capital expenditure stood at PHP18,962.8 million, which grew 40.5% YoY.
Performance
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Overview
It includes the operations of the company, retail electricity sales to various off-takers that are considered to be eligible contestable customers, and electricity-related services of the company and its subsidiaries such as the installation of electrical equipment. In FY2024, the segment's capital expenditure stood at PHP388.5 million, which decreased 91.8% YoY.
Performance
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