December 28, 2014 11:53 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Global Business Power Corporation

Company Overview

Global Business Power Corporation operates as an independent power producer in the Philippines. The company primarily owns and operates coal, industrial fuel oil, and bunker fuel power stations. It has a combined total capacity of approximately 633 megawatts of power that is supplied to the Visayas region. The company is based in Makati, the Philippines. As of September 12, 2012, Global Business Power Corporation operates as a subsidiary of GT Capital Holdings Inc.

GT Tower International

22nd Floor

6813 Ayala Avenue

Corner H.V. dela Costa Street

Makati,  1227

Philippines

Phone:

63 2 818 5931

Fax:

63 2 865 0193

Key Executives for Global Business Power Corporation

President
Age: 68
Assistant Treasurer
Vice President
Age: 45
Compensation as of Fiscal Year 2014.

Global Business Power Corporation Key Developments

Roxas Holdings Inc., Global Business Power Corporation Form Joint Venture for 40-MW Biomass Plant

ROXAS Holdings Inc. and Global Business Power Corp. will establish a joint venture that will undertake a 40-megawatt (MW) biomass power project in Negros Occidental, which is targeted for completion in 2017. The two companies announced the signing of a memorandum of agreement (MoA) that involves the front-end engineering design study and other pre-development studies for the 40-MW cogeneration facility in La Carlota City. The recently signed agreement details RHI's and GBPC's duties and responsibilities related to the financing, design, construction, ownership and operation of the 40-MW biomass power plant that will be located within the premises of RHI's Central Azucarera de la Carlota Inc. The project is expected to contribute excess power to the national grid.

GBPC Announces Earnings Results for the First Nine Months Ended September 30, 2014

GBPC announced earnings results for the first nine months ended September 30, 2014. For the nine months, the company announced that it attained revenues of PHP 14.3 billion from January to September 2014, a 14.5% increase from PHP 12.5 billion in 2013. The company's net income for the period was 8% higher at PHP 1.7 billion as compared to PHP 1.6 billion during the same period last year. This was driven by additional contracts and increased demand from bilateral customers.

Global Business Power Corporation Announces Earnings Results for the Half Year Ended June 2014

Global Business Power Corporation announced earnings results for the half year ended June 2014. For the period, the company reported revenues of PHP 9.3 billion, a 5.4% improvement from the PHP 8.8 billion reported in 2013. The company's net income totaled PHP 920.0 million versus the PHP 1.1 billion reached during the same period last year. Unscheduled downtime due to technical issues in GBPC's Sangi power plant in Toledo, Cebu and the effects of the massive destruction brought about by super Typhoon Yolanda (Haiyan) in the Visayas largely contributed to the decline.

Similar Private Companies By Industry

Company Name Region
Curcas Oil Philippines Inc. Asia
CBK Power Company Limited Asia
Luzon Hydro Corporation Asia
SMC Global Power Holdings Corp. Asia
Sarangani Energy Corp. Asia

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 27, 2014
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Global Business Power Corporation, please visit www.gbpc.com.ph. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.