Aboitiz grabs top power spot

Aboitiz Equity Ventures Inc. (AEV) has consolidated its position as the market leader in the Philippine power generation sector, ahead of four industry rivals through its extensive portfolio of generation companies.

- By GABRIELL CHRISTEL GALANG

The Cebu-based conglomerate, operating through its core energy unit Aboitiz Power Corp., has sustained its frontrunner position in the three main island groups of Luzon, Visayas, and Mindanao.

Latest data released by the Energy Regulatory Commission (ERC) revealed that AboitizPower accounts for 24.3 percent of the country’s overall installed power capacity. This is equivalent to an aggregate fleet of approximately 6.8 gigawatts (GW), with the vast majority of its assets operating on the main northern island of Luzon.