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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 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

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

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

TPVI cleared to buy Naga plant

ABOITIZ POWER Corp. said in Thursday that its subsidiary had received regulatory certification to initiate the purchase of a power plant in Naga City, Cebu. In a disclosure to the stock exchange, AboitizPower said the certificate of effectivity issued by Power Sector Assets and Liabilities Management Corp. (PSALM) to Therma Power Visayas, Inc. (TPVI) “implements […] The post TPVI cleared to buy Naga plant appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 24th, 2018

Aboitiz to sell Batangas biomass power plant

Aboitiz Power Corp. is selling its 8.8-megawatt biomass power plant in Lian, Batangas after it decided to stop operating the facility earlier this year......»»

Category: financeSource:  philstarRelated NewsMay 22nd, 2018

AboitizPower sets P62-B capex for 2018

Aboitiz Power Corp. has earmarked P62 billion for capital expenditures this year as it sees the commissioning of more than 500 megawatts of generating capacity in coal-fired and hydro power assets. In a briefing, AboitizPower president and chief operating officer Antonio R. Moraza said this was the bulk of the P77-billion capex that parent firm Aboitiz Equity Ventures (AEV) had set for 2018. Moraza said more than half of the P62 billion was set aside for subsidiary Therma Power's super-critical coal fired power plant in Dinginin, Bataan. GNPower Dinginin Ltd. Co., a joint venture with the Ayala group's AC Energy as well as the Greece-based Power Partner group, is building a 668-...Keep on reading: AboitizPower sets P62-B capex for 2018.....»»

Category: newsSource:  inquirerRelated NewsMay 21st, 2018

SC orders permanent closure of Inawayan landfill in Cebu City

MANILA, Philippines – The Supreme Court (SC) has ordered the permanent closure of the Inawayan landfill in Cebu City, denying the petition of Mayor Tommy Osmeña who had it reopened in 2016. The SC en banc upheld the earlier closure order of the Court of Appeals (CA), which granted ........»»

Category: newsSource:  rapplerRelated NewsMay 2nd, 2018

No crowds

BORACAY, one of the country’s most popular tourist destinations and has been facing serious environmental degradation, is uncrowded on April 25, 2018, a day before a national government-imposed six-month closure takes effect for rehabilitation work. Malay Mayor Ciceron Cawaling said Boracay will be closed to tourists starting April 26, with or without an executive order […] The post No crowds appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 25th, 2018

Can La Union handle waves of tourists from Boracay?

Could La Union be the new go-to party place after Boracay’s popular week-long festival, known as LaBoracay, was canceled following the government’s closure of the island? The LaBoracay summer festival, which takes place during the long Labor Day weekend, draws in thousands of tourists every year. With the island’s shutdown on April 26, the organizers called […].....»»

Category: newsSource:  interaksyonRelated NewsApr 17th, 2018

There are no farms for land reform in Boracay

Published: 5:27 p.m., April 9, 2018 | Updated: 11:47 p.m., April 10, 2018 ILOILO CITY --- Several Boracay residents could not believe President Rodrigo Duterte's announcement that he would place the island under land reform. "There are no farms here. I plant vegetables on our rooftop," one resident told the Inquirer in reaction to the President's statement. The President, who has ordered the closure of the 1,032-hectare island for six months starting April 26, said on Monday that the island would be a "land reform area" because it was agricultural and forest land subject to distribution. Presidential Proclamation No. 1064, issued on May 22, 2006, by then President Gloria ...Keep on reading: There are no farms for land reform in Boracay.....»»

Category: newsSource:  inquirerRelated NewsApr 10th, 2018

Sombrero Island ordered closed

SAN PASCUAL, MASBATE: The local government of San Pascual town here ordered the closure of Sombrero Island on Friday to protect it from environmental degradation. Benjamin Santiago, Department of Tourist regional director, said Mayor Zacarina Lazaro of San Pascual in Burias Island in Masbate issued the ordered on April 5 after it was found that a permanent… link: Sombrero Island ordered closed.....»»

Category: newsSource:  manilainformerRelated NewsApr 8th, 2018

South Korea declares industrial crisis in city where GM factory is closing

SEOUL — South Korea has designated the city of Gunsan an ‘industrial crisis zone,’ expanding its support for the area following plans by General Motors (GM) to shut down a plant as well as the closure of a shipyard last year. The new designation provides broader financial support to workers and businesses, and is one […] The post South Korea declares industrial crisis in city where GM factory is closing appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 5th, 2018

Send in the Marines!

Friends in Boracay certainly have cause for concern once the closure of Boracay takes place, but do they really have a choice faced with the often proven pol.....»»

Category: newsSource:  philstarRelated NewsFeb 22nd, 2018