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…
29 January 2015 – Luzon Renewable Energy Corp. (NLREC), a subsidiary of AC Energy Holdings, Inc., turned over to the Provincial Government of Ilocos Norte P6.2 million worth of health, sanitation, and livelihood assistance which will benefit priority areas and communities of Ilocos Norte. Health and sanitation assistance consisted of assorted medicines and 100 toilet…
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…
GNPower Kauswagan Ltd. Co. (GNPK), the joint venture company between AC Energy Holdings, Inc. (AC Energy), the power unit of conglomerate Ayala Corporation, the Philippine Investment Alliance for Infrastructure (PINAI) fund and Power Partners Ltd. Co. (PPLC) signs the financial closing documents of GNPK’s US$1 billion coal-fired power plant in Kauswagan, Lanao Del Norte.
AC Energy Holdings Inc.’s (AC Energy) wind farms in Bangui and Caparispisan, Ilocos Norte recently received their Feed-in-Tariff Certificate of Compliance or FIT COC from the Energy Regulatory Commission (ERC). This entitles both its 19-MW wind farm expansion in Bangui, under Northwind Power Development Corp. (Northwind), and its 81-MW wind farm in Caparispisan, Pagudpud under…
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…
GNPower Kauswagan Ltd. Co. was one of six power projects granted by the Board of Investors (BOI) tax and fiscal incentives. GNPower Kauswagan is a joint venture company between AC Energy Holdings, Inc. (AC Energy), the power unit of conglomerate Ayala Corporation, and Power Partners Ltd. Co. As the second biggest approved power project by…
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…
AC Energy Holdings, Inc. (ACEHI), a wholly owned subsidiary of Ayala Corporation, signed an Investment Framework Agreement and Shareholders’ Agreement with UPC Philippines Wind Holdco I B.V., a wholly owned company of UPC Renewables Partners (UPC) and the Philippine Investment Alliance for Infrastructure (PINAI) fund, comprised of the Government Service Insurance System, APG and Macquarie…
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