C02106-2018

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)
Apr 2, 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 Dec 31, 2017 205,996,054,000.00
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

AboitizPower launches rooftop solar venture
Background/Description of the Disclosure

AboitizPower is set to enter the rooftop solar space through a new business unit aimed at further expanding the company’s already significant renewable energy portfolio under its Cleanergy brand.

The new company, called Aboitiz Power Distributed Energy, Inc. (APX), is already looking at completing several key projects in Luzon and Visayas in 2018, with a target to integrate it closely with the group's existing open access customers.

“We have been in the power industry for more than 80 years. This gives us a wealth of knowledge and technical capability that we can share to our customers who want to go into solar,” AboitizPower President Antonio Moraza said.

AboitizPower first entered the solar power market in 2016 with its 59-MWp San Carlos Sun (Sacasun) project in San Carlos City, Negros Occidental. To date, AboitizPower has 1,272 MW of net sellable capacity, together with its partners, through its Cleanergy brand.

Echoing Moraza, APX General Manager Ping Mendoza said their main differentiator is their experience in the power industry.

“The positive response from customers affirms our view that distributed energy technology such as rooftop solar complements existing products and services that the AboitizPower group provides,” he said.

AboitizPower has a wide portfolio of renewable energy plants under Cleanergy including its geothermal, run-of-river hydro, and large hydropower facilities all over the country, helping energize economic opportunities in its host communities while further advancing its business portfolio.

The company is pushing for a balanced mix strategy—maximizing Cleanergy while taking advantage of the reliability and cost-efficiency of thermal power plants.

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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.

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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

Amended to correct San Carlos Sun Power, Inc.'s capacity from 69-MWp to 59-MWp.
Filed on behalf by:
Name Mailene de la Torre
Designation Asst. Corporate Secretary