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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…

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

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…