Aboitiz Power Corp - Unsponsored ADR (ABZPY)

Overview

Aboitiz Power Corporation, founded in 1998 and headquartered in Taguig City, the Philippines, operates as a significant entity in the power sector. Its business scope encompasses power generation and distribution, along with electricity retail operations primarily within the Philippines. The company boasts a diversified portfolio of power generating assets, including hydropower, geothermal, solar, coal, and oil-based power plants, enabling it to play a pivotal role in the country's electricity market. Aboitiz Power Corporation, by way of its numerous subsidiaries, supplies electricity through various agreements and trading mechanisms, catering to a broad spectrum of customers across residential, commercial, industrial, and other sectors. It manages nine distribution utilities that extend electricity across significant areas in Luzon, Visayas, and Mindanao, covering 18 cities and municipalities as well as five economic zones. As a key player in the provision of electricity-related services, the company also offers installation of electrical equipment and retails electricity to several industries such as property development, meat processing, semiconductors, steel, and cement. With an owned net sellable capacity of 5,332 megawatts as of January 31, 2024, Aboitiz Power Corporation cements its position in the energy sector. It operates as a subsidiary of Aboitiz Equity Ventures, Inc., underscoring its significant role within the larger Aboitiz Group's business ecosystem.

Products and Services

• Power Generation: Aboitiz Power Corporation utilizes a mix of energy sources, including hydropower, geothermal, solar, coal, and oil, to generate electricity. This diversified generation portfolio enables the company to provide stable and reliable energy supply while addressing the demand across the Philippines.
• Electricity Distribution: Through its nine distribution utilities, Aboitiz Power distributes electricity to various customers across 18 cities and municipalities, and five economic zones in Luzon, Visayas, and Mindanao. This extensive distribution network ensures the wide reach of power supply to meet the diverse needs of industrial, residential, commercial, and other sectors.
• Electricity Retail: The company retails electricity to a wide array of industries, including but not limited to property development, meat processing, semiconductors, steel, and cement. By offering retail electricity, Aboitiz Power facilitates direct access to energy for businesses, supporting their operational requirements and contributing to their growth.
• Electricity-related Services: Aboitiz Power offers various electricity-related services, such as the installation of electrical equipment. These services are designed to complement its core operations, ensuring customers not only receive electricity but also the necessary support for their electrical infrastructure.