AC Energy Completes Acquisition of Chevron’s Indonesia Geothermal Assets
AC Energy Holdings, Inc. completed the purchase and acquisition of Chevron’s geothermal assets and operations in Indonesia.
AC Energy Holdings, Inc. completed the purchase and acquisition of Chevron’s geothermal assets and operations in Indonesia.
San Carlos Clean Energy (SCCE) joins the Ayala energy unit’s umbrella under the entity name AC Energy DevCo Inc.
In just five years of existence, AC Energy reached 1000MW of attributable capacity in 2016.
“Mr. Francia said the company is planning to further expand in Indonesia, adding there are “active discussion” with its partners for potential new projects in Indonesia.” Source: BusinessWorld
[Watch full interview]
[Watch full interview]
AC Energy signed definitive documents to acquire 100% ownership of Bronzeoak Clean Energy and San Carlos Clean Energy.
AC Energy President Eric Francia said the company’s 2016 income was “a little over 10 percent” in terms of contribution to parent firm Ayala Corp. In 2015 he said AC Energy incurred a net income of P2.1 billion. Read full article
Ayala Chairman Jaime August Zobel de Ayala on CNBC’s Managing Asia.
AC Energy Retail is IMI’s electricity provider.
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