Source: Renewables Now 4 October 2019 – AC Energy Inc, part of the Philippines’ Ayala Corp (PSE:AC), has set up a joint venture with the solar power platform of UPC Renewables to develop and build over 1 GW of renewable energy plants in the Asia Pacific. AC Energy will invest in the development of the…
Source: Business Mirror 21 August 2019 – ACE Enexor Inc., formerly Phinma Petroleum and Geothermal Inc. (PPG), wants to bring in a strategic partner to aid the company in its future exploration plans. “We may be bringing in partners in the future. I think the idea is, over time, we will bring in at least one…
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…
Source: BusinessWorld 14 August 2019 – EARNINGS of Ayala Corp. (AC) more than doubled in the first half of 2019, boosted by divestment gains from its education and energy businesses. In a regulatory filing, the listed conglomerate said net income attributable to the parent grew 135% to P37.84 billion in the six-month period. Revenues also…
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…
Fresh from the success of its maiden green bond issuance early this year, with the Asian Development Bank and the International Finance Corporation as anchor investors, Ayala Group’s rapidly expanding power generation unit, AC Energy, pushes forward to cement the company’s commitment towards renewable energy and sustainability. After issuing the first Climate Bond Initiative-certified US…
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