The recurring forced outages of power plants triggered another wave of "yellow alert" or insufficiency of power reserves in the Luzon grid on Monday, Dec. 5, as declared by system operator National Grid Corporation of the Philippines.
Yellow alert in the grid had been raised from 1:00 to 4:00p
The consolidated net income of listed firm Aboitiz Power Corporation in the nine-month stretch this year climbed by 24-percent to P19.5 billion from P15.7 billion on a comparative period last year.
For the third quarter alone, the company reported that its earnings expanded 72-percent to P9.6
Luzon may face several yellow and red alerts next year should the Ilijan gas-fired power plant not be able to deliver in time for summer period, according to the Department of Energy.
ACEN board clears power supply deal with Dinginin plant bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
AboitizPower thermal business: Bridging today s needs with tomorrow s better world bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.