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November 26, 2015 3:59 PM ET

Electric Utilities

Company Overview of Global Business Power Corporation

Company Overview

Global Business Power Corporation, through its subsidiaries, produces and distributes power to customers in the Visayas and Mindoro Island. It also owns and operates coal-fired power plants, a coal fuel power station, a fuel oil power station, fuel oil power plants, a power generation facility, and diesel-fired power plants, as well as retails electricity. Global Business Power Corporation was formerly known as Mirant Global Corporation and changed its name to Global Business Power Corporation in 2006. The company was founded in 2002 and is based in Makati City, the Philippines. As of September 12, 2012, Global Business Power Corporation operates as a subsidiary of GT Capital Holdings, Inc.

GT Tower International

22nd Floor

6813 Ayala Avenue

Corner H.V. dela Costa Street

Makati City,  1227


Founded in 2002


63 2 464 1600


63 2 865 0193

Key Executives for Global Business Power Corporation

Vice President of Finance
Chief Technical Officer and Senior Vice President
Senior Vice President and Treasurer
Executive Vice President
Age: 52
Compensation as of Fiscal Year 2015.

Global Business Power Corporation Key Developments

Global Business Power Corporation ReportS Earnings Results for the First Nine Months Ended September 2015

Global Business Power Corporation reported earnings results for the first nine months ended September 2015. For the period, the company’s net fees reached PHP 13.7 billion during the period. The power company's net income increased 15% from January to September 2015 to PHP 1.9 billion, from last year's PHP 1.7 billion.

Global Business Power Corp to Expand its First Power Venture in Luzon in 2016

Global Business Power Corp. preparing to expand outside Visayas with its first power venture in Luzon in 2016. Company is keen on expanding in Luzon. A coal-fired power plant with capacity of at least 600 megawatts (MW) is being eyed, which could happen next year. Apart from the Luzon project, company is looking at a 164-MW plant with MGen in Mindanao. It is also working on the 150-MW expansion of the coal-fired power plant owned by subsidiary Panay Energy Development Corp., targeted for completion in July 2016.

Global Business Power Corp. and Roxas Holdings, Inc. is Invest $100 Million in 40-Megawatt Biomass Plant

Global Business Power Corp.(GBPC) and Roxas Holdings Inc.(RHI) is investing about $100 million to develop a 40- megawatt (MW) biomass project that will be operational in two years. The official announced the project which will be located in La Carlota City, Negros Occidental costs about $2.5 million per MW. But he announced this will be recovered once the project gets an allocation under the feed-in tariff scheme, which provides a premium rate for renewable energy projects over a 20-year period. The biomass project will serve as GBPC’s maiden venture into the renewable energy sector RHI and GBPC in December last year signed a memorandum of agreement for this power project, which will be located within the premises of RHI’s Central Azucarera de la Carlota Inc. GBPC one of the independent power producers in the Visayas - owns and operates nine power plants in the region with a total installed capacity of 622 MW.

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