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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

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 News21 hr. 19 min. ago

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

AboitizPower hydro plant receives ISO recommendation

MANILA, Philippines — The 70-megawatt (MW) hydropower plant of Aboitiz Power Corp......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2018

Comment on Council urges closure of ‘smelly’ Oton piggery by Sonie D. Nadala

I am Engr. Sonie D. Nadala from INAVET Nutrition Technologies Inc., our company provides a novel microbial technology for wastewater treatment, specifically for odor elimination and wastewater effluent management to be in lined with DENR Standards. Microbe-Lift products for wastewater treatment was manufactured from Florida USA. With over 41 years of field expertise and application in all types and conditions of wastewater system. 100% no repackaging after importation with EPA and FDA registration, nontoxic, non-pathogenic and environmentally friendly. The product is capable of degradation and restoration of all types of organic waste (proteins, fats, carbohydrates and long chains of fatty acid and even hydrocarbons to the extent). The product is a liquid consortium of high count, complete types and with over 32 strains of diverse and far capable bacteria for wastewater treatment. Microbe-Lift technology is able to perform its function with or without the presence of Aeration Units. We are currently serving San Miguel Brewery in Pampanga with regards on their Yeast Slurry concern, a by-product of beer fermentation, we also serve Fresh Options (RDF Meat Cutting Plant in Porac Pampanga for their oil and grease concerns) and Virginia Farms and Virginia Food Inc. in Cebu City, and Piggery Farms nationwide. We would like to present our product technology and company further in your most convenient time. Attached file was our product brochure for your reference. Hope this will merit your approval for our intent to present and have appointment with your concerned team. Kind and Thanks! Engr. Sonie D. Nadala RPAE 09275676639 sonie.nadala@inavet.com License # 2700827.....»»

Category: newsSource:  thedailyguardianRelated NewsJan 13th, 2018

AboitizPower unit to supply renewable energy to General Santos City

ABOITIZ POWER Corp. said its subsidiary has signed a 20-megawatt (MW) renewable energy supply agreement with South Cotabato’s electric cooperative, which is aiming to balance its power generation mix. “With Hedcor’s 69-MW Manolo Fortich hydro power plant in Bukidnon wrapping up its construction, [South Cotabato II Electric Cooperative, Inc.] Socoteco II is looking forward to […] The post AboitizPower unit to supply renewable energy to General Santos City appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 1st, 2018

AboitizPower breaks ground for P1.7-B Bineng plant

MANILA, Philippines — Aboitiz Power Corp......»»

Category: financeSource:  philstarRelated NewsDec 17th, 2017

Reports: Lakers ask LaVar to tone down criticisms of Walton

NBA.com staff report The Los Angeles Lakers' front office and LaVar Ball -- the father of rookie point guard Lonzo Ball -- recently had a meeting in which LaVar Ball was asked to tone down his public criticism of coach Luke Walton. The news, which was reported by both the Los Angeles Times' Tania Ganguli and ESPN.com's Ramona Shelburne, comes roughly a week after it was reported the Lakers were re-enforcing the "LaVar Ball rule" at home games. This latest meeting concerning Walton, though, took place in the last few weeks and was called by Lakers president of basketball operations Magic Johnson and general manager Rob Pelinka. Here's more from Ganguli on the meeting: The meeting followed an interview with Bleacher Report in which Ball said the Lakers coaching staff was too soft on point guard Lonzo Ball and didn't know how to properly coach him. ... "It was a good conversation," LaVar said after Tuesday's game at Madison Square Garden. "What I love about [Johnson] is just the communication that we have as a family and as friends to fix the situation they're just solutions that we throw off each other. That's all it is. The press is going to make it out like I'm trying to demean them or they're trying to demean me. And it's not. "We're just talking, we're just talking. We're trying to do what's best for the team. That's all." Although LaVar appreciated the chat, it did not change the way he spoke to reporters. Six days later, an interview aired on Sirius XM in which Ball detailed his concerns with the way Lakers coach Luke Walton was playing Lonzo, including the fact that he should get more playing time in the fourth quarter. In an interview with Shelburne, LaVar Ball confirmed the meeting took place and said he ultimately wants to do what is best for his son: "It was the best thing, man. Everybody's going to try to make it an ego thing, like I'm trying to tell them what to do or they're trying to tell me to tone it down. It's not about that. It's about coming together and to get a solution to this problem. "It may sound crazy to other people, but I really just want the best for Lonzo, and the best for Lonzo is going to be what's best for the organization. Because if everybody winning, we good." ... A Lakers insider said the main message to Ball was that they've tried to keep their relationship positive, while still allowing him to speak his mind, and they'd prefer he did the same. Ball said he agreed with that characterization, for the most part, and that he told Johnson and Pelinka he understood their position and would try to abide by that request. "I'm going to say whatever I want to say, however I want to say it," Ball said. "And they said, 'LaVar, come and talk to us first.' So that's fine too. "But I am going to say, to plant a seed, 'Let's look for this now.' They may not want to hear that, but it's going to be successful if you listen to what I'm saying on that fact that I know what it takes for my son to run like this. LaVar Ball also told ESPN.com he does not have a direct relationship with Walton and that he hasn't talked to him due to time constraints on both of their schedules......»»

Category: sportsSource:  abscbnRelated NewsDec 14th, 2017

Basic Energy eyes stake in Japan biomass plant

MANILA, Philippines — Listed Basic Energy Corp......»»

Category: financeSource:  philstarRelated NewsDec 9th, 2017

Fire the manager

After several months of enduring poor or non-existent air conditioning, crowded and poorly managed arrival gates, permanent closure of service doors to the m.....»»

Category: newsSource:  philstarRelated NewsNov 28th, 2017