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Apo Agua signs country’s
second largest private bulk
water supply deal


Apo Agua Infrastructura Inc., a joint venture
between Aboitiz Equity Ventures, Inc. and J.V.
Angeles Construction Corporation, enters into a
P12-billion bulk water supply agreement, the
second largest deal in the country to date, with
the Davao City Water District (DCWD). It will supply
DCWD 300 million liters per day of potable water to
benefit Davao City’s one million residents.



Aboitiz acquires PETNET
AEV acquired a 51% stake in local remittance firm PETNET,
the largest Western Union agent network in the country.
It has over 300-owned branches and 1,800 sub-agent
branches nationwide. Together with the Aboitiz Group,
PETNET has a big potential for growth and development
in distributing complementary products.

UnionBank launches
Lumina Pandit II

UnionBank partners with the University of Sto. Tomas (UST) for
the heritage preservation project Lumina Pandit II: Unending Light.
The project aims to restore, preserve, and digitize 30,000
rare historic books and documents housed at UST’s Miguel de
Benavides Library and University Archives.
 
Republic Cement Group
is created

AEV partners with CRH plc, a global leader in building materials, to acquire a majority stake in the operations
of Lafarge in the Philippines, paving the way for the creation of Republic
Cement Group . Its network includes six manufacturing plants located in Bulacan, Rizal, Batangas, Northern Cebu, Iligan, and Lanao de Norte, as well as Republic Cement Services, Inc., Republic Cement Iligan, Inc., and Republic Cement Mindanao, Inc.

AEV lists P24-billion fixed rate
bonds at PDEX

Following the bond-listing in 2013, AEV returned to the local debt
market in 2015 with the listing of its P24-billion fixed rate bonds on
the Philippine Dealing and Exchange Corporation. The listing is the
largest corporate bond issuance in 2015








 


Solar power project construction begins’s

AboitizPower expands its
renewable energy portfolio
with the 59-MWp solar
power plant project in
San Carlos City, Negros
Occidental. It started
the plant construction in
September 2015 and went
online in March 2016.









 


Davao Light completes UDS
After VECO’s successful installation of the Underground Distribution System (UDS) in Cebu City in
2014, Davao Light installs a UDS in Davao City. The newly completed facility is expected to contribute
to a more robust network, and also enhance livability in the city.


 

 
Pilmico inaugurates new world-class Pier 2
This large-capacity container terminal in Iligan, which meets           
the standards of the International Ship and Port Facility Security
(ISPS), will hasten the unloading of raw materials and will improve
delivery processing for customers and key commodity suppliers.

City Savings Bank opens
100th branch

In time for its 50th anniversary celebration, CitySavings opens
its 100th branch in Zamboanga City. It’s primary objective is to
reach out to as many teachers throughout the country.                                
















 
 
Therma South's Unit 1 starts operations
Therma South, Inc., Mindanao's first major power plant since 2006,
begins supplying the grid with reliable and cost-effective baseload
power. Deemed as a long-term solution to Mindanao's power                       
problem, the 2x150-MW power plant will supply at least 20 electric
cooperatives and distribution utilities. It uses the modern circulating
fluidized bed combustion technology, which increases efficient
production while minimizing environmental impact. It has the first
coal dome facility in Southeast Asia.
 
AboitizLand unveils Amoa
This 60-hectare mid- end residential project located in Compostela,
Cebu will feature traditional Filipino houses fused with minimalist
modern architecture.