SLTEC achieved Commercial Operations Date last April 24 and formalized the completion of the 1st unit of its 2 x 135-megawatt (MW) Circulating Fluidized Bed (CFB) coal-fired power plant, with an inauguration ceremony attended by key government officials from the province of Batangas and heads of both Ayala and PHINMA. Ayala was led by our…
The North Luzon Renewable Energy Corp. (North Luzon Renewables), a subsidiary of AC Energy Holdings, provided the Municipality of Pagudpud Php3.9 million worth of materials recovery facility (MRF) equipment during the blessing of the Centralized Materials Recovery Facility (CMRF) in Pagudpud last April 23, 2015. The MRF equipment consisted of a bioreactor, styro/plastic shredder, organic…
29 January 2015 – Luzon Renewable Energy Corp. (NLREC), a subsidiary of AC Energy Holdings, Inc., turned over to the Provincial Government of Ilocos Norte P6.2 million worth of health, sanitation, and livelihood assistance which will benefit priority areas and communities of Ilocos Norte. Health and sanitation assistance consisted of assorted medicines and 100 toilet…
GNPower Kauswagan Ltd. Co. (GNPK), the joint venture company between AC Energy Holdings, Inc. (AC Energy), the power unit of conglomerate Ayala Corporation, the Philippine Investment Alliance for Infrastructure (PINAI) fund and Power Partners Ltd. Co. (PPLC) signs the financial closing documents of GNPK’s US$1 billion coal-fired power plant in Kauswagan, Lanao Del Norte.
AC Energy Holdings Inc.’s (AC Energy) wind farms in Bangui and Caparispisan, Ilocos Norte recently received their Feed-in-Tariff Certificate of Compliance or FIT COC from the Energy Regulatory Commission (ERC). This entitles both its 19-MW wind farm expansion in Bangui, under Northwind Power Development Corp. (Northwind), and its 81-MW wind farm in Caparispisan, Pagudpud under…
GNPower Kauswagan Ltd. Co. was one of six power projects granted by the Board of Investors (BOI) tax and fiscal incentives. GNPower Kauswagan is a joint venture company between AC Energy Holdings, Inc. (AC Energy), the power unit of conglomerate Ayala Corporation, and Power Partners Ltd. Co. As the second biggest approved power project by…
Ayala Corporation announced today that it entered into a sale and purchase agreement to acquire 100% of the interests held by an affiliate of a fund advised by Denham Capital in GNPower Mariveles Coal Plant Ltd. Co. (GMCP). GMCP is the owner of the 2 x 300-MW coal-fired power generating plant in Mariveles, Bataan province….
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