Independent Power and Renewable Electricity Producers
Company Overview of Global Business Power Corporation
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
6813 Ayala Avenue
Corner H.V. dela Costa Street
Key Executives for Global Business Power Corporation
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
Dec 11 14
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
Nov 13 14
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
Aug 15 14
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.
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