“THE Ayala group is programming capital expenditure (capex) about P160 billion to P180 billion for this year in a bid to expand its power, infrastructure, industrial or manufacturing, healthcare, and education businesses.” Read full article
“Ayala has been actively scouting for business opportunities in “attractive” markets in Southeast Asia, especially in Indonesia. Earlier this month, AC announced its power arm AC Energy Holdings Inc. struck a deal with UPC Renewables Indonesia Ltd. to develop, construct, and operate a 75-megawatt (MW) wind farm project in Sidrap, South Sulawesi, Indonesia.” Read full…
After bagging Chevron’s geothermal assets and wind projects in Indonesia, AC Energy Holdings Inc. is scaling up its renewable energy portfolio through acquisitions and greenfield projects in the country to meet its 2,000-megawatt (MW) target capacity by 2020. Read full article
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…
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…
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…
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…
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…
AC Energy Holdings Inc., the energy arm of Ayala Corp., is on track to meet its 1,000 megawatts (MW) attributable capacity target as it is set to go “full blast” with the development of its various power projects. John Eric Francia, AC Energy President and CEO said they are confident that the 1,000 MW target…
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…
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