<\/p>\n
POWER producer Aboitiz Power Corp. (AboitizPower) reported a 31% increase in its second-quarter (Q2) net income, driven by stronger electricity prices, higher generation from its hydropower facilities, and contributions from newly commissioned solar plants.<\/p>\n
In a disclosure to the stock exchange on Wednesday, AboitizPower said its net income for the April-to-June period rose to P10.5 billion from P7.9 billion a yr earlier.<\/p>\n
The corporate attributed the rise to higher margins in its generation business, supported by stronger Wholesale Electricity Spot Market (WESM) prices, higher generation from the Caliraya-Botocan-Kalayaan (CBK) Hydroelectric Power Plant Complex, and the energization of three solar farms.<\/p>\n
For the primary six months of the yr, AboitizPower\u2019s net income increased by 45% to P18.4 billion from P12.7 billion in the identical period last yr.<\/p>\n
Core net income rose by 41% to P18 billion from P12.8 billion a yr earlier.<\/p>\n
In the course of the six-month period, electricity sold by the corporate\u2019s generation and retail electricity supply businesses increased by 17% to 22,764 gigawatt-hours (GWh) from 19,440 GWh a yr earlier.<\/p>\n
Meanwhile, energy sales in its distribution business rose by 6% to three,606 GWh.<\/p>\n
For 2026, AboitizPower has earmarked P62 billion in capital expenditures, primarily for its pipeline of renewable energy and battery energy storage system projects.<\/p>\n
The Aboitiz Group maintained its position because the country\u2019s largest power producer, with a complete attributable capability of 6,850.63 megawatts, akin to a 24.3% market share.<\/p>\n
Shares in AboitizPower fell 0.68% to P43.90 each on Wednesday. \u2014 Sheldeen Joy Talavera<\/b><\/span><\/p>\n<\/p><\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" ABOITIZPOWER.COM POWER producer Aboitiz Power Corp. (AboitizPower) reported a 31% increase in its second-quarter (Q2) net income, driven by stronger electricity prices, higher generation from its hydropower facilities, and contributions from newly commissioned solar plants. In a disclosure to the stock exchange on Wednesday, AboitizPower said its net income for the April-to-June period rose to […]<\/p>\n","protected":false},"author":1,"featured_media":374092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[19325,462,6821,8480,3228,4604,5125],"class_list":["post-374091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-aboitizpower","tag-higher","tag-income","tag-net","tag-power","tag-prices","tag-rises"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t