ABZPY OTC

Aboitiz Power Corporation, operating through its various subsidiaries, stands as a prominent Philippine-based energy company deeply involved in the generation, distribution, and retail of electricity. Its diverse power generation portfolio includes facilities utilizing hydropower, geothermal, solar, coal, and oil. The electricity produced is then sold via long-term power supply agreements, specialized ancillary service procurement contracts, and by trading on the wholesale electricity spot market. Beyond generation, Aboitiz Power manages the extensive distribution of electricity to a wide array of customers, including industrial, residential, and commercial sectors. The company also offers related electrical services, such as equipment installation. This distribution network is facilitated by nine distinct utility companies, providing electricity to franchise areas spanning 18 cities, multiple municipalities, and five economic zones across the country's major island groups: Luzon, Visayas, and Mindanao. Additionally, Aboitiz Power engages directly in the retail of electricity to various industries, particularly those in property development, meat processing, semiconductors, steel manufacturing, and cement production. As of February 28, 2022, the company reported a net sellable capacity of 5,332 megawatts. Incorporated in 1998, Aboitiz Power Corporation maintains its headquarters in Taguig City, Philippines, and functions as a key subsidiary of Aboitiz Equity Ventures, Inc.