Philippines: AboitizPower turns 10 at the PSE, sustains mixed energy

Philippines: AboitizPower turns 10 at the PSE, sustains mixed energy

ABOITIZPOWER IS NOW RUNNING IN ITS TENTH YEAR AT THE PHILIPPINE STOCK
EXCHANGE (PSE) AND HAS SINCE MAINTAINED A HEALTHY PORTFOLIO COVERING MIXED
ENERGY SOURCES AS PART OF ITS 4,000-MW TARGET ATTRIBUTABLE CAPACITY BY 2020.

The energy firm celebrated the decade on July 18, which was dedicated to the
robust economic growth of the country by creating long-term strategies on
power efficiency and security.

"We will remain strategic yet disciplined in our approach towards achieving
our growth goals, always mindful of our role in nation building," CEO
Erramon Aboitiz said. "We will continue to push our balanced mix strategy
because we believe that the long-term energy security of the country can be
solved by balancing sustainability, accessibility, and reliability of
power."

Around 32 percent of AboitizPower's 3,955 MW net sellable capacity at
present comes from its extended renewable selection, namely geothermal,
hydro, and solar power plants.

Furthermore, AboitizPower continues its pursuit in allowing new growth areas
for renewable energy for the next 12 months with investments in the 69-MW
Manolo Fortich and 8-MW Maris Canal hydro power plants, as well as the
400-MW Pagbilao 3 and 340-MW Therma Visayas thermal power plants.

The company also boasts an impressive profile on its power distribution
front served by Visayan Electric Co., Davao Light and Power, and Cotabato
Light and Power, reaching to around 900,000 customers in several economic
zones in the country.

This translates to an IPO price of P40.05 per share-six times its initial
price of P5.80 in 2007-and a 28 percent return to stakeholders compounded
annually. In the bourse's standards, AboitizPower's dividend policy of
paying out half of the annual net income is one of the highest yields
recorded.

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Link to Original Article:
http://powerphilippines.com/2017/07/25/aboitizpower-10-pse-mixed-energy/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com