A subsidiary unit of Philippines-based Ayala, AC Energy, has started developing a $1bn coal-fired power plant in the south of the country.
The project is in-line with the firm’s strategy to grow its power generation portfolio to 1GW; however, the firm is being careful about its expansion plans for energy developments, and is taking into account the potential for power oversupply in the next three years.
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Paseo de Roxas cor. Makati Avenue
Makati 1226 Philippines
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