Abotiz Company

Aboitiz Power Corporation was established on February 13, 1998. as a

holding company for the Aboitiz Group's investments in power generation and

distribution as well as retail electricity and other related services.

Competitive Advantages

The Company believes that its principal strengths are the following:

Strong track record in both power generation and distribution

 Ability to take advantage of expected strong power market fundamentals

 Vertically-integrated power generation and distribution company

 Power generation contracts that provide steady and predictable cash flow

 Benefits and low operating costs from renewable energy and renewable

energy sources

 Dependable and growing sources of income from its power distribution

businesses

 Strong financial position and the ability to obtain limited recourse and

corporate level financing

 Established relationships with strategic partners

 Strong and experienced management team

Comparative Advantages