Aboitiz Power Corp - Company Profile
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Aboitiz Power Corp (Aboitiz Power), a subsidiary of Aboitiz Equity Ventures Inc, is a holding company that operates privately-owned generation companies and distribution utilities. It generates power from hydropower, geothermal, coal, and oil. The company sells its capacities and energy through bilateral power supply agreements with National Power Corporation, private distribution utilities, electric cooperatives, retail electricity suppliers and other large end-users, and through wholesale electricity spot market. Aboitiz Power offers various value-added services include power factor, thermal scanning, and power quality analysis. It supplies electricity to franchise areas across cities and municipalities in Luzon, Visayas and Mindanao. Aboitiz Power is headquartered in Taguig, Metro Manila, Philippines.
Aboitiz Power Corp premium industry data and analytics
Products and Services
Products | Services |
---|---|
Product: | Generation |
Electricity | Distribution |
Retail Distribution Services | |
XYZ | |
XYZ | |
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Corporate Changes/Expansions | In March, the company along with Meralco PowerGen Corporation and San Miguel Global Power Holdings Corp opened an integrated liquefied natural gas facility in Batangas, Philippines. |
2024 | Contracts/Agreements | In February, the company signed an agreement to acquire an additional 15.6% stake in STEAG State Power Inc. |
2024 | Commercial Operation | In February, SN Aboitiz Power Corp. the company's joint venture began commercial operations of its 24-MW Magat battery energy storage system project in Isabela and received a provisional authority to operate from the Energy Regulatory Commission. |
Competitor Comparison
Key Parameters | Aboitiz Power Corp | Manila Electric Co | First Philippine Holdings Corp | First Gen Corp | Energy Development Corp |
---|---|---|---|---|---|
Headquarters | Philippines | Philippines | Philippines | Philippines | Philippines |
City | Manila | Pasig | Pasig | Pasig | Pasig |
State/Province | Manila | Metro manila | - | - | - |
No. of Employees | 3,975 | 5,930 | 122 | 2,156 | 1,548 |
Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Sabin M. Aboitiz | Chairman | Executive Board | 2021 | 58 |
Emmanuel V. Rubio | Chief Executive Officer; President; Director | Executive Board | 2020 | 58 |
Juan Alejandro Aboitiz | Chief Financial Officer | Senior Management | 2023 | - |
Eric Ramon O. Recto | Vice Chairman | Executive Board | 2018 | 59 |
Ronaldo M Pacquiao | Chief Operating Officer - Hedcor; President | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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