C05399-2023

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 13, 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 Mar. 31, 2023) 247,328,949,000
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 July 12, 2023 BusinessWorld (Online Edition) News Article
Source BusinessWorld (Online Edition)
Subject of News Report AboitizPower subsidiary APX ties up with UGEP for solar projects
Date of Publication Jul 12, 2023
Clarification of News Report

This refers to your letter requesting us to confirm the veracity of the information contained in the Business Mirror (Online Edition) news article dated July 12, 2023 entitled “AboitizPower subsidiary APX ties up with UGEP for solar projects”, the relevant portion of which is quoted hereunder:

“ABOITIZPOWER Corp. through its subsidiary, has partnered with Upgrade Energy Philippines, Inc. (UGEP) to pursue solar rooftop projects.

In a media release on Tuesday, AboitizPower said its unit AboitizPower Distributed Renewables, Inc. or APX has entered into a joint venture agreement with UGEP.

On its website, UGEP said it provides renewable energy and energy efficiency technology solutions to various industries. It is focused on the development, engineering, procurement, and construction of renewable energy projects.

It has committed to developing about 500 megawatts (MW) of utility-scale and 100-MW commercial-scale renewable energy by 2030.

AboitizPower said UGEP shares its ambition of expanding solar rooftop and ground-mounted solar projects for both commercial and industrial businesses in the Philippines.

“This partnership enables us to strengthen the conversation with businesses towards a more sustainable-oriented, customer-focused and integrated approach. Solar projects are carefully designed to meet the unique requirements of power consumers,” James Byron Yu, the company’s first vice-president and head of retail, said in a media release.

xxx xxx xxx”

We confirm the statements made by Mr. James Byron P. Yu, Aboitiz Power Corporation’s (AboitizPower or the “Company”) Vice President – Head of Retail. We will make the required disclosures to the public as and when there are material concrete developments to the Company’s 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 July 12, 2023 BusinessWorld (Online Edition) article entitled “AboitizPower subsidiary APX ties up with UGEP for solar projects”.
Filed on behalf by:
Name Ma. Clarisse Osteria
Designation Asst. Corporate Secretary