Aboitiz Power's Vision for Affordable and Sustainable Energy Solutions in the Philippines
Key Ideas
  • Aboitiz Power, led by CEO Danel Aboitiz, aims to address energy challenges in the Philippines through a mix of conventional and innovative solutions.
  • The company emphasizes the importance of multi-stakeholder collaboration and government intervention to achieve affordable electricity and stimulate economic growth.
  • While focusing on renewable energy investments, Aboitiz Power recognizes the need for baseload coal plants and gas technology to ensure power system reliability during the transition.
  • Aboitiz Power's forward investment strategies include expanding renewable energy capacity, pursuing asset acquisitions, and collaborating with international partners for growth.
The Philippine power sector, despite over two decades of deregulation, faces challenges like unreliable service and high costs, particularly impacting remote areas. Aboitiz Power, under CEO Danel Aboitiz, acknowledges these issues and plans to invest in a diverse range of solutions. The company aims to not only continue conventional power generation but also explore renewable energy, energy storage systems, and artificial intelligence. Aboitiz stresses the need for collective efforts involving industry players and government agencies to improve energy affordability for Filipino consumers. The company recognizes the importance of coal and gas technology alongside renewables in maintaining power system reliability until the full transition. Aboitiz Power's investment strategies include expanding its renewable energy portfolio, acquiring assets like the CBK hydropower complex, and partnering with firms like Scatec for growth opportunities. The goal is to provide reliable, affordable, and sustainable power sources while contributing to economic development in the Philippines.
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