By Lenie Lectura - January 8, 2020
Aboitiz Power Corp. vowed to sign up
more customers that prefer renewable energy.
“We are truly honored to have been
chosen as a partner of all these successful businesses and organizations. It is
our commitment to continue providing ample, reliable, and reasonably produced
power to our customers by maximizing renewable energy for as long as feasible,
while at the same time using the reliability and cost-efficiency of
fossil-fired power plants,” AboitizPower President and Chief Executive Officer
Emmanuel V. Rubio said.
Rubio was referring to the company’s
32 Cleanergy customers in Luzon and Visayas, which accounts for a total of 203
megawatts (MW) of renewable supply.
Cleanergy is the power firm’s brand
for clean and renewable energy.
Through its Cleanergy portfolio,
AboitizPower and its partners generate a total of 1,242 MW, which is about 27
percent of the company’s net sellable capacity. Its renewable-energy portfolio
includes solar, geothermal, run-of-river hydro, and large hydropower facilities
all over the country.
Among those being supplied by
AboitizPower’s Cleanergy in Luzon and Visayas include green office developer
and operator NEO Property Management Inc. (NEO), Nestlé Philippines,
Shangri-La, Asian Development Bank, Draka Philippines, Eton Properties and
Unionbank, among others.
The push for Cleanergy is not only
driven by large industry players. AboitizPower also provides Cleanergy to
Siargao Electric Cooperative (Siarelco), MORE Electric and Power Corp. and
other electric cooperatives in Batangas, Zamboanga del Sur, Zamboanga del
Norte, Bukidnon, Misamis Occidental and Nueva Ecija.
The company said it recorded P13.5
billion in net income in January to September 2019, 19 percent lower than the
P16.7 billion recorded in the same period a year ago.
The power firm posted nonrecurring
losses of P220 million versus losses of P1.7 billion in 2018. Without these
one-off losses, the company’s core net income in the nine-month period was
P13.7 billion, 26 percent lower than the P18.4 billion recorded a year ago.
This was primarily due to the higher
volume and cost of purchased power, lower spot market revenues, and lower plant
availability, it reported.
Still, Rubio said the company
remains confident that it will surpass its 2020 target of 4,000 megawatts of
attributable capacity.
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