C05169-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jul 3, 2023
2. SEC Identification Number
C199800134
3. BIR Tax Identification No.
200-652-460-000
4. Exact name of issuer as specified in its charter
ABOITIZ POWER CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
32nd Street, Bonifacio Global City, Taguig City, Metro Manila, Philippines Postal Code 1634
8. Issuer's telephone number, including area code
(02) 8886-2800
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock P1 Par Value 7,358,604,307
Amount of Debt Outstanding (As of Dec. 31, 2022) 248,396,589,000.00
11. Indicate the item numbers reported herein
9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Aboitiz Power CorporationAP

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification to the June 30, 2023 BusinessWorld (Online Edition) News Article
Source BusinessWorld (Online Edition)
Subject of News Report AboitizPower plans to explore feasibility of ammonia co-firing
Date of Publication Jun 30, 2023
Clarification of News Report

This refers to the letter received from the Philippine Dealing & Exchange Corp. requesting us to confirm the veracity of the information contained in the BusinessWorld (Online Edition) news article dated June 30, 2023 entitled “AboitizPower plans to explore feasibility of ammonia co-firing”, the relevant portion of which is quoted hereunder:

“ABOITIZPOWER Corp. has partnered with JERA Co., Inc. to explore the feasibility of co-firing ammonia on coal-fired plants, and hydrogen on liquefied natural gas (LNG) facilities, it said on Thursday.

In a press release, the company said it was targeting to start the study next year and come up with the results in a decade. The initiative is part of its plan to further reduce carbon emission during thermal power generation, it added.

JERA will start a 20% ammonia generation demonstration test in Japan in 2023 before gradually increasing it to 50% by 2028, AboitizPower said.

The company said it was also trying to get financial support for its ammonia co-firing feasibility study from the Ministry of Trade and Industry of Japan.

AboitizPower said that aside from renewable energy (RE) sources, developing LNG to power projects is also deemed vital to meet the country’s power needs.

The Department of Energy (DoE) is positioning LNG as a necessary transition fuel while the renewable energy infrastructure is being built. . .”

We confirm the statements quoted in the news article. Aboitiz Power Corporation will make the required disclosures to the public as and when there are material concrete developments to its projects.
Other Relevant Information

Please see attached Aboitiz Power Corporation's response to Philippine Dealing & Exchange Corp.'s letter requesting to clarify the information stated in the June 30, 2023 BusinessWorld (Online Edition) article entitled “AboitizPower plans to explore feasibility of ammonia co-firing”.
Filed on behalf by:
Name Ma. Clarisse Osteria
Designation Asst. Corporate Secretary