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AboitizPower takes P3.7-B hit with permanent closure of biomass plant

ABOITIZ POWER Corp. (AboitizPower) is taking a hit of P3.7 billion as it permanently stopped the operations of a biomass power plant because of the lack of organic materials to produce electricity. “Our top consideration now is to balance the interests of all our stakeholders, including that of Aseagas’ employees,” said AboitizPower President and Chief […] The post AboitizPower takes P3.7-B hit with permanent closure of biomass plant appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineJan 16th, 2018

AboitizPower reports progress in power plant sale negotiations

Talks for the sale of Aboitiz Power Corp.’s 8.8-megawatt (MW) biomass power plant in Lian, Batangas are progressing well, which the company hopes to finalize within this month......»»

Category: financeSource:  philstarRelated NewsNov 2nd, 2018

AboitizPower net income up 2% last year

MANILA, Philippines — The decision to stop operating its biomass plant has tempered profit growth of Aboitiz Power Corp. in 2017......»»

Category: financeSource:  philstarRelated NewsMar 10th, 2018

AboitizPower may write off biomass facility in Batangas

ABOITIZ POWER Corp. might take a loss on its biomass facility in Batangas, its president said on Wednesday, days after the company said the 8.8-megawatt (MW) power plant had temporarily ceased operations. “We are currently continuing our technical evaluation, and a write-off is a possibility,” said Antonio R. Moraza, AboitizPower president and chief operating officer, […] The post AboitizPower may write off biomass facility in Batangas appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 6th, 2017

Aboitiz unit temporarily shutters biomass power plant in Batangas

ABOITIZ POWER Corp. (AboitizPower) said its unit Aseagas Corp.’s 8.8-megawatt (MW) biomass power plant in Lian, Batangas will remain shuttered, as the company assesses its options. In a disclosure to the stock exchange, AboitizPower said the Aseagas plant had earlier halted operations on Nov. 24 due to the unavailability of organic effluent wastewater. “After evaluating… link: Aboitiz unit temporarily shutters biomass power plant in Batangas.....»»

Category: newsSource:  manilainformerRelated NewsDec 5th, 2017

Aboitiz unit temporarily shutters biomass power plant in Batangas

ABOITIZ POWER Corp. (AboitizPower) said its unit Aseagas Corp.’s 8.8-megawatt (MW) biomass power plant in Lian, Batangas will remain shuttered, as the company assesses its options. In a disclosure to the stock exchange, AboitizPower said the Aseagas plant had earlier halted operations on Nov. 24 due to the unavailability of organic effluent wastewater. “After evaluating […] The post Aboitiz unit temporarily shutters biomass power plant in Batangas appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 4th, 2017

P892M up for Cebu plant complex rehab

ABOITIZPOWER Corp. earmarked P892 million to rehabilitate the 153.1-megawatt (MW) Naga Power Plant Complex (NPPC) in Cebu province, its official said. “Our board approved a capex of P892 million for [the] rehabilitation of [six units of the facility],” AboitizPower Chief Operating Officer Emmanuel Rubio said recently. He told reporters that the listed firm is expecting… link: P892M up for Cebu plant complex rehab.....»»

Category: newsSource:  manilainformerRelated NewsNov 10th, 2018

Concrete plant defies Lipa mayor s closure order

BATANGAS, Philippines – Residents of Barangay Calamias in Lipa City are calling on higher authorities to look into the continued operations of a batching or concrete plant despite an earlier closure order issued by the city government of Lipa.   In a document obtained by Rappler, members of the Sangguniang Barangay of Calamias ........»»

Category: newsSource:  rapplerRelated NewsNov 10th, 2018

AboitizPower mulling options to finance acquisition of stake in AA Thermal

ABOITIZ POWER Corp. is considering whether to go back to the bond market or source funding from banks to pay for its acquisition of a bigger stake in the coal-fired power plant platform of Ayala-led AC Energy, Inc., the company’s finance official said......»»

Category: financeSource:  bworldonlineRelated NewsOct 25th, 2018

Teddyboy Locsin is new DFA chief; Faeldon takes over BuCor

Philippine Permanent Representative to the United Nations Teodoro “Teddyboy” Locsin Jr. confirmed yesterday he will replace Foreign Affairs Secretary Alan Peter Cayetano, who will run as Taguig City representative in next year’s elections......»»

Category: newsSource:  philstarRelated NewsOct 13th, 2018

5 projects bag DoE endorsement

THE Department of Energy (DoE) has endorsed five projects located in Visayas and Mindanao regions for commercial operations. The DoE issued certificates of endorsement (CoE) to three solar projects, a biomass plant, and a diesel power facility. The power projects include three rooftop solar projects of Solar Pacific CitySun Corp. in Kabankalan, Negros Occidental, and [...] The post 5 projects bag DoE endorsement appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 25th, 2018

Aseagas in talks with two groups for the sale of 8.8-MW biomass plant

Aseagas in talks with two groups for the sale of 8.8-MW biomass plant.....»»

Category: financeSource:  thestandardRelated NewsSep 16th, 2018

Aseagas in talks with two groups for the sale of 8.8-MW biomass plant

Aseagas in talks with two groups for the sale of 8.8-MW biomass plant Source link link: Aseagas in talks with two groups for the sale of 8.8-MW biomass plant.....»»

Category: newsSource:  manilainformerRelated NewsSep 16th, 2018

Bohol church bends to plant trees in ‘Season of Creation’

TAGBILARAN CITY, Bohol September 2 (PIA)—The church of the poor here takes the step and bends in helping the communities put up measures to prop up its disaster and climate change mitigation as well as set up carbon capturing mechanism in leading parishioners to plant trees. According to GlobalForestWatch.org, in 2010, Philippines had 14.9Mhectares of […].....»»

Category: newsSource:  boholnewsdailyRelated NewsSep 12th, 2018

Bohol Church Bends to Plant Trees in ‘Season of Creation’

The church of the poor here takes the step and bends in helping the communities put up measures to prop up its disaster and climate change mitigation as well as set up carbon capturing mechanism in leading parishioners to plant trees, in line with the Season of Creation. According to GlobalForestWatch.org., in 2010, Philippines had […].....»»

Category: newsSource:  metrocebuRelated NewsSep 11th, 2018

Homeward-bound Schooling set for next phase at Asian Games

JAKARTA, Indonesia (AP) — The hardest lap for any swimmer is usually the one coming home. That's when they have to try their hardest, giving it everything they have to get to the finish. Singapore's Olympic gold medalist Joseph Schooling is about to discover what that means when he's not in the competition pool. After spending the last nine years in relative anonymity in the United States, the 23-year-old Schooling is getting ready for the second half of his sporting career back in southeast Asia, knowing he probably won't be able to walk down the street or go for dinner without being noticed. "It's everywhere but it shows that they support you and they're excited to see you, and so you can't complain," Schooling said. "You can never brush aside your fans. You've always got to reciprocate so I'm completely fine with it." Schooling is competing this week at the Asian Games in Indonesia, where he has entered in the 50- and 100-meter butterfly races, three relays and the 50 freestyle. He will bid to defend his title in the 100 butterfly on Wednesday. Despite leaving Singapore in his teens to chase his dream of winning an Olympic gold medal, the island-state has always been in Schooling's heart. But so too has Texas, where he has been studying at University and training under the watchful eye of Eddie Reese. Schooling will complete his economics degree later this year before returning to Singapore, but will take back two permanent reminders of his time in the U.S. that changed his life. One is the tattoo on his left shoulder of the University of Texas mascot, the Longhorn. The other, inked after he won Rio, is the Olympic rings on his right bicep. The Longhorns won the NCAA national title four years in a row while Schooling was on the team and he credits his time there for helping him win the ultimate prize when he beat American great Michael Phelps for the Olympic title in the 100 fly. "It's great, it's a different atmosphere, great teammates," Schooling said. "I feel like it's the perfect environment for high performance." Schooling wants to keep swimming through to the 2024 Olympics in Paris and, although he hasn't made a final decision on his training plans, he has spent the past few months practicing with Singapore's new high-performance unit and likes what he sees. Australia's Stephan Widmer, who helped Libby Lenton and Leisel Jones win Olympic titles, has been appointed performance director at the institute while Gary Tan is the national head coach and Sonya Porter, who has extensive experience coaching in the U.S., is the technical director. Schooling's biggest challenge could be how to deal with his celebrity status but after he held off Phelps on the biggest final lap of his life to date, he's confident he can manage. "It takes some getting used to but at the end of the day if you focus on what you're doing and you don't care about outside distractions it's ok," he said. "I like being in that position and I don't see it as a burden at all.".....»»

Category: sportsSource:  abscbnRelated NewsAug 21st, 2018

First Quezon Biogas powers 1st commercial facility in Philippines

A local biomass plant developer has teamed up with global technology provider ABB to power the country’s first commercial biogas facility......»»

Category: financeSource:  philstarRelated NewsJul 21st, 2018

Airlines, GMCAC vow to keep public posted on flight changes

THE private operator of the Mactan Cebu International Airport (MCIA) assured travelers that they will provide up-to-date flight information once the partial closure of the runway takes effect this September. GMR Megawide Cebu Airport Corp. (GMCAC) chief executive advisor Andrew Harrison, in a statement, said that GMCAC will update its website and provide advisories in… link: Airlines, GMCAC vow to keep public posted on flight changes.....»»

Category: newsSource:  manilainformerRelated NewsJul 14th, 2018

I.Coast studies first cocoa-fired power station

Abidjan wants to build the world’s first biomass power station fired by cocoa production waste, Ivory Coast and US officials said Monday. If the 235-million-euro (273-million-dollar) scheme gets the go-ahead, Ivory Coast, the world’s top cocoa grower, could go on to construct nine more power stations burning cocao waste. The first plant could be up […].....»»

Category: newsSource:  bworldonlineRelated NewsJul 3rd, 2018

Del Monte suffers net loss thanks to plant closures

DEL MONTE Pacific Limited (DMPL) swung to a net loss for the fiscal year ending April 2018, dragged by the closure of two plants in the United States......»»

Category: financeSource:  bworldonlineRelated NewsJun 29th, 2018

Pepsi decries NWRB closure of Muntinlupa plant’s deep wells

Pepsi-Cola Products Philippine Inc.’s regrets the move of the National Water Resources Board to seal off its deep wells located in the company’s Muntinlupa plant......»»

Category: financeSource:  philstarRelated NewsJun 21st, 2018