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
In time for the opening of school, GNPower Kauswagan employee volunteers and contractors helped repair and clean a public elementary school. GNPower Kauswagan Ltd. Co., a limited partnership among AC Energy, the Philippine Investment Alliance for Infrastructure (PINAI) fund, and Power Partners Ltd. Co. Plant is currently being developed and should be operational by 2017.
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,…
GNPower Kauswagan Ltd. Co. (GNPK), the joint venture company between AC Energy Holdings, Inc. (AC Energy), the power unit of conglomerate Ayala Corporation, and Power Partners Ltd. Co. (PPLC), engaged Shanghai Electric Power Construction Co. (SEPCC), a subsidiary of Power Construction Corporation of China, for the engineering, procurement and construction (EPC) of a US$1 billion-thermal…
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…
SLTEC achieved Commercial Operations Date last April 24 and formalized the completion of the 1st unit of its 2 x 135-megawatt (MW) Circulating Fluidized Bed (CFB) coal-fired power plant, with an inauguration ceremony attended by key government officials from the province of Batangas and heads of both Ayala and PHINMA. Ayala was led by our…
The North Luzon Renewable Energy Corp. (North Luzon Renewables), a subsidiary of AC Energy Holdings, provided the Municipality of Pagudpud Php3.9 million worth of materials recovery facility (MRF) equipment during the blessing of the Centralized Materials Recovery Facility (CMRF) in Pagudpud last April 23, 2015. The MRF equipment consisted of a bioreactor, styro/plastic shredder, organic…
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…
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