AC Energy to double generation capacity by 2020

AC Energy Holdings Inc., the investment arm of the Ayala Group for the power sector, is eyeing to double its generating capacity by 2020 as it nears its 1,000-megawatt (MW) capacity target this year, according to its top official.

The company is now setting a 2,000-MW goal in the next four years, a “next natural target” as it will cross its 1,000-MW target within the year, AC Energy president and CEO Eric Francia said.

The energy portfolio target was set as a five-year plan in 2011.

Read more here.

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