{
  "id": 12186658,
  "title": "AboitizPower sells power barges to Razon firm",
  "url": "https://urgent.news/2026/10/05/aboitizpower-sells-power-barges-to-razon-firm",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-05T16:00:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/business/2026/10/06/2561122/aboitizpower-sells-power-barges-razon-firm"
  },
  "original_language": "en",
  "account": "Aboitiz Power Corp. has sold its two mothballed barge-mounted power plants, Mobile 4 and Mobile 6, located in Navotas, to MORE Electric and Power Corp. under the leadership of Razon. The transfer of ownership and operational control will be finalized through AboitizPower subsidiary Therma Mobile Inc., though the financial details of the deal remain undisclosed. These barges, which run on bunker C oil, have been idle since February last year. Therma Mobile is currently collaborating with MORE Power to ensure the barges' transfer adheres to grid and regulatory standards. The company has notified relevant agencies, including the Department of Energy (DOE), Energy Regulatory Commission, National Grid Corp. of the Philippines, and Independent Electricity Market Operator of the Philippines Inc., about the transaction. In 2022, Therma Mobile temporarily shut down the barges due to technical and commercial difficulties that hindered their efficient operation. AboitizPower, owning Therma Mobile through Therma Power Inc., retains other oil-fired barges Mobile 3 and Mobile 5, whose operations are unaffected by this transaction. The Aboitiz Group acquired and rehabilitated Therma Mobile in 2011, commencing commercial operations with its barges in November 2013. The Department of Energy (DOE) anticipates that power barges will contribute to boosting electricity supply in the Visayas region, which has faced persistent grid alerts since May, exacerbated by simultaneous outages at several major coal-fired facilities.",
  "summary": "Aboitiz Power Corp. has sold its two mothballed barge-mounted power plants currently docked in Navotas to Razon-led MORE Electric and Power Corp.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}