AC Energy Reaches Target of Over 1,000 MW
AC Energy reaches target of over 1,000 MW
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Business World Staged the 1st Economic Forum
Business World staged the 1st Economic Forum with the theme “Charting Progress to 2020: What to expect from the new presidency”. Speakers of the event were key figures in the private and government sectors led by Vice President Leni Robredo. EIG’s President and CEO Eric Francia was one of the speakers where he discussed ways…
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Ayala Corp. Unit Secures Additional Funding for Coal-fired Power Plant
A UNIT of Ayala Corp. has closed a deal to secure additional funding to build the fourth unit of its 540-megawatt (MW) coal-fired power plant in Mindanao, the holding company told the stock exchange on Monday. In a disclosure, Ayala Corp. said its wholly owned subsidiary AC Energy Holdings, Inc. had achieved financial closure for…
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Wind Power Firm Reforests Pagudpud
About 293 hectares within the 625-hectare site of Ayala’s wind farm in Pagudpud, Ilocos Norte, will once more grow into lush protected land. This is expected as AC Energy Holdings’ wind unit, North Luzon Renewables, enters the third year of its reforestation program in Barangay Caparispisan this year. “Maintaining and protecting the lush flora of…
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Ayala Group Earmarks P174B for Capex
AYALA CORP. is beefing up its war chest this year to support the growth of its core and new businesses after net profit in 2015 breached the P20-billion mark a year ahead of target, as its diversification to power generation started to bear fruit. The Philippines’ oldest conglomerate is setting aside P174 billion in combined…
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Power Industry Perspectives
Supply demand, energy mix, competitive dynamics and supply chain were the 4-key points highlighted by AC Energy President and CEO John Eric T. Francia during the recently concluded Energy Policy and Development Program conference held at the New World Hotel Makati last Jan 12-13, 2016. Mr. Francia said that “the supply situation in the country…
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Ayala-Bronzeoak’s Negros Solar Power Venture Starts Operations
AYALA CORP. (AC) and its partner commenced the operation of the initial phase of a solar power project that expanded the energy portfolio of the Philippines’ oldest conglomerate beyond wind and coal. Ayala, through AC Energy Holdings, Inc., and Bronzeoak Clean Energy, Inc. completed their 18megawatt (MW) solar power farm last month, the former told…
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135-MW Power Plant in Batangas Doubles Output
SOUTH Luzon Thermal Energy Corp. started the commercial operation of the second 135megawatt unit of a coalfired power plant in Calaca, Batangas, doubling the capacity of the project and providing additional power to the Luzon grid. South Luzon Thermal, a joint venture between TransAsia Oil and Energy Development Corp. of the Phinma Group and AC…
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Ayala-Mitsubishi Visits North Luzon Renewable
29 September 2015 – Ayala and Mitsubishi visited the wind farm of North Luzon Renewable in Pagudpud, Ilocos Norte. The wind farm tour was attended by key executives led by Ayala Corp. Chairman and CEO Jaime Augusto Zobel de Ayala and President and COO Fernando Zobel de Ayala, together with Mitsubishi Corp. Toru Moriyama, Executive…
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AC Energy Expands its Renewable Porfolio: Solar
8 September 2015 – AC Energy entered into partnership with Bronzeoak Clean Energy to develop a solar power plant in Bais City, Negros Oriental. The Project will be owned and operated by Monte Solar Energy Inc. (MonteSol), a special purpose vehicle company, and shall be undertaken in two phases. The first phase is for an 18…
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