SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jan 15, 2018

2. SEC Identification Number

C199800134

3. BIR Tax Identification No.

200-652-460-000

4. Exact name of issuer as specified in its charter

ABOITIZ POWER CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

32nd Street, Bonifacio Global City, Taguig City, Metro Manila, Philippines Postal Code 1634

8. Issuer's telephone number, including area code

(02) 886-2800

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock P1 Par Value	7,358,604,307
Amount of Debt Outstanding (As of Sept 30, 2017	222,237,327,000.00

11. Indicate the item numbers reported herein

9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Aboitiz Power CorporationAP

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Aseagas shuts down plant
Background/Description of the Disclosure
Aboitiz Power Corporation (AboitizPower) announces that the biomass plant operated by its wholly-owned subsidiary, Aseagas Corporation (Aseagas), will permanently cease operations. Aseagas earlier suspended its commissioning due to unavailability of the supply of organic effluent wastewater from its supplier, Absolut Distillers, Inc. The company also took the opportunity to assess the plant’s other issues, and after a full assessment, decided to make the plant shutdown permanent. “Our top consideration now is to balance the interests of all our stakeholders, including that of Aseagas’ employees,” AboitizPower President and COO Antonio R. Moraza said. AboitizPower earlier disclosed that Aseagas has prepaid its outstanding loan with the Development Bank of the Philippines in the amount of Php 2.368 billion. Total value affected as a result of the closure is estimated to be at Php 3.7 billion, which represents Aseagas invested equity of Php 3.45 billion and the company's estimated remaining obligations of around Php 250 million. Moraza said that AboitizPower is still on track to add some 500 MW of attributable capacity, mainly from baseload and hydro power plants in 2018, pushing the company closer to its 2020 target of 4,000-MW net attributable capacity. ## About AboitizPower AboitizPower is the holding company for the Aboitiz Group’s investments in power generation, distribution, and retail electricity services. The Company is one of the largest power producers in the Philippines with a right-mix portfolio of assets located across the country. It is a major producer of Cleanergy, its brand for clean and renewable energy with several hydroelectric and geothermal power generation facilities. It also has various fossil-fired power plants in its generation portfolio to support the baseload and peak energy demands of the country. The Company also owns distribution utilities that operate in high-growth areas in Luzon, Visayas, and Mindanao, including the second and third largest private utilities in the country. ### For further queries on this Press Release, please contact: WILFREDO A. RODOLFO III Corporate Branding and Communication ABOITIZ POWER CORPORATION [email protected] +632 886-2800 local 36502 +63917 6348395
Other Relevant Information
Please see attached.