Aboitiz Power Company Review & Valuation
About Aboitiz Power Corporation
Aboitiz Power Corporation engages in the power generation, distribution, and retail business in the Philippines.
The company operates hydropower, geothermal, solar, biomass, oil, and coal power plants.
It generates and sells electricity through bilateral contracts with private distribution utilities, electric cooperatives, National Power Corporation, and industrial and commercial companies.
The company also distributes electricity to the industrial, residential, commercial, and other customers; and has interests in 8 distribution utilities that supply electricity to franchise areas covering approximately 18 cities and municipalities in Luzon, Visayas, and Mindanao.
In addition, it is involved in the retail of electricity to various industries, including property development, meat processing, semiconductors, steel, and cement.
The company was founded in 1998 and is headquartered in Cebu, the Philippines.
Aboitiz Power Corporation is a subsidiary of Aboitiz Equity Ventures, Inc.