Latest Updates

The Blue Circle and AC Energy have ordered the first GE 5MW-158 from General Electric (GE) for the second phase of the Mui Ne project in South Vietnam Singapore The Blue Circle and its partner AC Energy, the power generation arm of Philippine conglomerate Ayala Corporation, have signed Asia’s first Notice to Proceed with General…

AC Energy recently celebrated the integration of PHINMA Energy, now AC Energy Philippines, with a brand launch and welcome party held last September 24. The annex office at the 22nd floor was also officially opened with a blessing on the same day. Excited employees garbed in “AC Energy-blue” colors gathered around the “Melting Pot” to…

AC Energy Philippines won best bids at Meralco’s Competitive Selection Process (CSP) held September 9 and 11. The company was awarded supply agreements for 200 MW baseload and 110 MW mid-merit of Meralco’s supply demand for 10 and 5 years respectively. “We now have 310 MW of contracted capacity at a solid price — a…

Ayala Group’s power generation unit, AC Energy, is gearing up to turnaround and transform its newly acquired unit, PHINMA Energy “We are now in the process of combining the assets and capabilities of AC Energy and PHINMA Energy to form a stronger and more agile energy platform,” said president and CEO John Eric T. Francia at…

Ayala Corporation posted P37.8 billion as its first half net profit, more than double that of H1 2018’s P16.1 billion. The growth was driven by its banking, telecommunication and real estate units, all of which reported better performance for the first half of 2019, combined with gains from AC Education’s merger with iPeople, and partial…

Ayala Corporation held its very first Integrated Corporate Governance, Risk Management and Sustainability Summit to drive unity among three disciplines. “To institutionalize this perspective, we designed a long-term sustainability blueprint that lays out actionable and measurable targets that address critical environmental, social, and governance gaps that the country faces today,” said Ayala Corp. Chairman and…

The Ayala group once again conducted a group-wide employee engagement survey last May 2019 and the results of which have now been released. Previous iterations of the survey in 2015 and 2017 yielded exceptional results, placing the Ayala group among global organizations with the highest level of employee engagement. Eric Francia, president and CEO of…

24 June 2019 – AC Energy, the energy platform of Ayala, has completed the acquisition of PHINMA Inc.’s and PHINMA Corporation’s (collectively, “PHINMA”) combined 51.48% stake in PHINMA Energy corporation (“PHEN”). AC Energy acquired PHINMA’s stake via a purchase of secondary shares for PhP 3.669 billion, AC Energy has also subscribed to 2.632 billion PHEN…

12 April 2019 – AC Energy, the energy platform of Ayala Corporation, has received approval from the Philippine Competition Commission (PCC) for its acquisition of PHINMA Inc.’s and PHINMA Corporation’s (collectively, “PHINMA”) combined 51.48% stake in PHINMA Energy Corporation (“PHEN”). AC Energy will acquire PHINMA’s stake via a purchase of secondary shares for approximately PhP3.42…

8 January 2019 – AC Energy, Ayala’s energy platform, and PHINMA today inked a mutually strategic agreement in relation to AC Energy’s investment in PHINMA Energy Corporation (“PHEN”). AC Energy will acquire PHINMA’s combined 51.48% stake in PHEN via a secondary share sale for approximately P3.42bn. This is based on the valuation date of December…