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In the Philippines, the private sector is joining with the government and ADB to co-fund a wind farm in the northern part of the country, showing how pooled resources can effectively finance climate-smart energy projects. Watch video

THE JOINT VENTURE (JV) between Ayala Corp. and Trans-Asia Oil and Energy Development Corp. expects to complete the second of two units of its 270-megawatt (MW) coal facility by the end of the year, one of the parent firms said in a statement over the weekend. South Luzon Thermal Energy Corp. (SLTEC) has formally inaugurated…

Ayala Corporation posted an 8.0 percent hike in net profits to P5.0 billion in the first quarter of the year, driven by sustained positive momentum inits real estate, banking, telecom, and electronics manufacturing businesses. In a disclosure to the Philippine Stock Exchange, the firm said this is while its new businesses, particularly in power generation,…

SOUTH Luzon Thermal Energy Corp. (SLTEC) has launched the commercial operation of Unit lof its 270-megawatt (MW) coal-fired power plant in Calaca, Batangas last Friday. SLTEC, which is a joint venture of Trans-Asia Oil and Energy Dev. Corp and AC Energy Holdings, the power arm of Phinma Corp, said Trans-Asia would purchase the output of…

AYALA CORP, the country’s oldest conglomerate, expects profit to hit the P20-billion mark this year – sooner than earlier thought – after reporting healthy earnings results for 2014, it told the stock exchange yesterday. The company’s net income climbed 46% to P18.6 billion last year, from P12.8 billion in 2013, when it clocked 22% profit…

THE ENERGY unit of the country’s oldest conglomerate, Ayala Corp., will meet its goal of generating a combined 1,000 megawatts (MW) from its power plants by 2016 as scheduled, the listed parent company said yesterday. In a statement, the conglomerate said its subsidiary AC Energy Holdings, Inc. now has an energy portfolio of over 700…

AC Energy Holdings Inc., the power generation company of the Ayala Group, is targeting to put up 1,000 megawatts in capacity by 2016. In a statement, the company said it is on track to reaching this goal after recently securing financing for the phased construction of a 4x135megawatt coal-fired power plant in KausWagan, Lanao del…

AC Energy Holdings Inc. is targeting 1,000 megawatts (MW) in generating capacity with new coal-fired and renewable energy (RE) projects to make the power unit a major contributor to Ayala Corp.’s recurring income, a ranking official said Friday. “We have two large scale projects targeted to close within the next six to 12 months,” AC…

15 July 2013 – The energy unit of Ayala Corporation and its partners are developing wind power projects to the extent of 200 megawatts (MW) in Ilocos Norte. In an e-mailed statement Monday, the company said AC Energy Holdings Inc. signed deals covering an investment framework and a shareholders’ agreement with UPC Philippines Wind Holdco…