MACO, Davao de Oro — Therma Marine, Inc., a subsidiary of Aboitiz Power Corporation, has been lauded by Maco, Davao de Oro as its top real property taxpayer and second largest business taxpayer for calendar year 2025, highlighting the company’s substantial contributions to the municipality's local revenue and overall development.
The citation was presented during the Business and Employer’s Forum and BCMI General Assembly organized by the local government unit of Maco. The event honored organizations that played an important role in the municipality's progress through tax payments.
“Since 2010, our mission has been to help power the progress of Mindanao by supplying reliable electricity to the grid. We are proud to contribute to Maco’s progress through our responsible operations and by being a good corporate citizen. We are honored to accept this award as it affirms our support for the community," said Therma Marine - Maco Facility Head Benedicto Dejan, Jr.
Therma Marine operates two 100-megawatt oil-fired power barges strategically located in Maco, Davao de Oro (Mobile 1) and Nasipit, Agusan del Norte (Mobile 2). As of 2025, Therma Marine is a vital contributor to Mindanao's power stability, supplying 40% of the contingency reserve requirement and 28% of dispatchable reserves.
About Therma Marine, Inc.
Therma Marine, Inc. (TMI) strengthens Mindanao’s energy resilience through its two 100 MW oil-fired power barges, strategically located in Maco, Davao de Oro (Mobile 1) and Nasipit, Agusan del Norte (Mobile 2). Constructed in 1993 and 1994, respectively, these barges have been instrumental in providing flexible, on-demand power solutions since joining TMI’s portfolio in early 2010.
In a pioneering move for the region, TMI started operations on its first 49-megawatt Hybrid Battery Energy Storage System (BESS) at Mobile 1. This cutting-edge technology, a first in the Philippines and in Southeast Asia in a floating platform, will enhance grid stability by providing rapid-response ancillary services and further bolstering TMI’s role as a reliable power provider for Mindanao.
Through ongoing innovation and strategic enhancements, Therma Marine, Inc. is committed to supporting the sustainable growth of Mindanao’s energy sector, ensuring a reliable power future for the communities it serves. PR