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Aboitiz Power Corporation

Company Description
Aboitiz Power Corporation (AP) was incorporated on February 13, 1998 as a holding company for the Aboitiz Group's investments in power generation and distribution as well as retail electricity and other related services. Ownership in the Company was opened to the public through an initial public offering of its common shares in July 2007.

Since its incorporation, AP accumulated interests in both renewable and non-renewable generation plants. The Company holds all its investments in renewable energy through Aboitiz Renewables, Inc. (ARI) and non-renewable energy through Therma Power, Inc. (TPI). Both ARI and TPI are wholly-owned subsidiaries of AP. The Company has ownership interests in eight distribution utilities, which collectively supply electricity to franchise areas covering a total of 18 cities and municipalities in Luzon, Visayas and Mindanao.

On September 21, 2015, the Company's wholly-owned Singapore-based subsidiary, AboitizPower International Pte. Ltd. (APIPL), entered into an agreement with PT Medco Power Indonesia to participate in the exploration and development of a potential 2x55 MW greenfield geothermal plant in East Java province, Indonesia. On September 25, 2015, APIPL also entered into an agreement with SN Power AS and PT Energy Infranusantara to participate in the feasibility studies for the exploration and development of a potential 127 MW hydropower generation project along the Lariang River in Central Sulawesi, Indonesia.

Source: SEC Form 17-A (2015)
Security Information
Sector Industrial
Subsector Electricity, Energy, Power & Water
Corporate Life 0
Incorporation Date Feb 13, 1998
Number of Directors 9
Stockholders' Meeting as per By-Laws Third Monday of May
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent Stock Transfer Service, Inc.
Contact Information
Business Address NAC Tower, 32nd Street, Bonifacio Global City, Taguig City, Metro Manila
E-mail Address
Telephone Number (02) 793-2800
Fax Number (02) 817-3560