Ayala energy unit doubles investment target to P80 B

AC Energy Holdings Inc. is preparing to double its commitment in the power sector to nearly P80 billion through expansion of existing assets, acquisitions or partnerships, and greenfield projects here and abroad to reach its target portfolio of 2,000 megawatts (MW) by 2020.

By then, AC Energy hopes to become a major contributor to its parent firm Ayala Corp., its top official said yesterday.

The company has laid down three pillars to deliver an additional 1,000 MW in the next four years and part of that plan is expanding the capacity of its existing platforms, AC Energy president and CEO Eric Francia said in a media roundtable yesterday.

Read more here.

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