Aboitiz Power jumps as the main PH power generator

Aboitiz Power Corporation is now ahead of the race, having established itself as the nation’s leading power generator with a total national installed capacity of 4,973,435 megawatts, according to a report from the Department of Energy.

The Aboitiz firm eclipsed San Miguel Energy Corporation, which for years had been in the top spot. San Miguel’s national installed capacity lagged a bit behind with 4,856 megawatts in April of this year.

Aboitiz Power itself had surpassed its own 4,000MW target by 2020, an investment goal that its board chairman Erramon I. Aboitiz had set for years when he was CEO of the firm.

“In the national network, Aboitiz Power Corporation obtains the largest market share in the whole, with 21.3 percent of the national installed capacity of 23,409.7MW, followed by San Miguel Power Corporation with 20.7 percent” , indicates the DOE report.

In third place was First Gen Corporation with 3,567.87MW of installed capacity, followed by the state-owned Corporation for the Management of Assets and Liabilities of the Electricity Sector (PSALM) with a portfolio of 2,462,882MW; and the next was AC Energy of the Ayala group with 1,235,110MW.

The rest of the country’s power generation facilities registered an aggregate capacity of 6,314,357MW, according to the Energy Department report.

“No energy generating entity has exceeded the installed generation capacity and the market share limitation of 25 percent for the national grid,” the report emphasized.

In terms of market share, the DOE indicated that Aboitiz Power and San Miguel were side by side, as calculated in the country’s aggregated energy capacity facilities. And no one is sleeping on the competition track, as both companies are still aggressively working on their expansion projects.

First Gen recorded a 15% market share; SALMO has 11 percent in the pie; AC Energy held a considerably modest 5.0 percent stake; while the rest of 27 percent had been maintained by the other players in the industry.

In Luzon’s largest electricity grid, San Miguel still reigns as the main power producer with a capacity of 4,556MW and that gives it a 28 percent market share in the grid; while Aboitiz Power is in second place with 3,401.65MW or an equivalent stake of 21 percent.

First Gen’s capacity in Luzon was 2,518MW; while PSALM has 1,615,782MW. The other important players in the network have been: DMCI Group led by Consunji with 950MW; AC power with 557.2MW; and Quezon Power Philippines Ltd. with a capacity of 460MW.

For the Visayas network, First Gen led with 941.47MW of capacity; while Aboitiz Power followed with 730,840MW; and the third was Global Business Power Corporation with 605.7MW of capacity. Other power generating companies that contributed significant capacity to this network were: SPC Power for 315.2MW; AC power for 223.7MW; A. Brown Company Inc. with a capacity of 135MW; and Helios Solar Energy Inc. with 108.12MW.

In the Mindanao grid, state-owned PSALM topped the list with 847.10MW; followed by Aboitiz Power with 840,945MW; then Alsons Power with 480,211MW of capacity. The other major players in the grid further south had been: AC Energy with 454,210MW; then FDC Utilities Inc. of the Gotianun group with 450MW; San Miguel with 300MW; Compañía Cagayan de Energía Eléctrica y Luz with 229,519MW and First Generation with 108.40MW.

“Luzon, Visayas and Mindanao indicate a moderately concentrated market or a reasonably competitive market,” said the energy department.

The market share limitation for each generator per network is 30 percent of the installed capacity; and it has a market share limit of 25 percent over the national installed capacity reference.