Ap Renewables Inc. (Philippines)

AP Renewables Inc. (APRI) is a Philippine renewable energy company and a key subsidiary within the AboitizPower group's Cleanergy portfolio, focused on the ownership and operation of geothermal power generating assets. The company operates the Tiwi Geothermal Power Plant in Albay and the MakBan (Makiling–Banahaw) Geothermal Power Plant complex straddling Laguna and Batangas, with a combined installed capacity of approximately 700 megawatts, providing reliable baseload electricity to the Luzon grid. APRI's activities include the operation and maintenance of geothermal steam and power facilities, rehabilitation and upgrading of existing units to improve efficiency and availability, and development of additional binary geothermal capacity to optimize resource utilization. Its power output is sold through long-term bilateral contracts to distribution utilities, electric cooperatives, and large industrial customers, as well as through the Wholesale Electricity Spot Market, under both conventional and renewable supply arrangements. AP Renewables integrates environmental and social programs into its operations, including watershed management, reforestation, and community development initiatives in host local government units around Tiwi and MakBan. Strategically, the company is positioned as a leading geothermal producer in the Philippines, supporting AboitizPower's transition toward a more sustainable generation mix. It focuses on maximizing resource efficiency, extending the life and capacity of its geothermal fields, pursuing further clean energy developments, and reinforcing its role in delivering dependable, low-carbon baseload power to the Philippine energy system.