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)

Jun 22, 2021

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) 8 886-2800

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 Mar. 31, 2021)	234,782,470,000.00

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
Bakun hydro plants receive cease and desist order from NCIP-CAR
Background/Description of the Disclosure
The National Commission on Indigenous Peoples in the Cordillera Administrative Region (NCIP-CAR) issued a cease and desist order (CDO) to Hedcor’s three run-of-river hydropower plants in Bakun, Benguet on June 22, 2021. The issuance of the CDO was due to alleged irregularities regarding the Free Prior Informed Consent-Memorandum of Agreement (FPIC-MOA) between Hedcor and the Bakun Indigenous Tribes Organization (BITO), signed on October 15, 2019. “We believe that we have been compliant with all the requirements during the course of the FPIC application process, and have been waiting for the issuance of the Certificate Precondition (CP) since the FPIC-MOA was signed,” said Hedcor’s Vice President for Corporate Services Noreen Vicencio. NCIP-CAR has ordered the company to cease operations of the Lower Labay Hydro, FLS Hydro, and Lon-oy Hydro five (5) days after receipt of the CDO. Hedcor is saddened by the NCIP-CAR’s decision to shut down its Bakun operations despite all efforts to come to a dialogue with BITO and the NCIP. "The CDO will not just affect Hedcor, but also the customers and communities we serve. At this time of a red alert situation in the Luzon grid, the continued operation of our plants is very crucial," added Vicencio. In spite of the issuance of the CDO, Hedcor will continue to actively reach out to the community for a dialogue or the customary “tongtongan” between the company and the Bakun IPs, with the guidance of NCIP. The company looks forward to continuing to provide the benefits that the Bakun community is currently receiving from the generation of the plants. Non-operation of the Bakun plants, however, means that the community shares and ER 1-94 funds will neither accrue nor accumulate. ##
Other Relevant Information
Please see attached.