AC Energy, Ayala Corp.’s energy-holding company, is looking at more renewable-energy (RE) investment opportunities in the Asia-Pacific region to achieve a balanced mix of its renewables and thermal portfolios by 2025. In an interview, AC Energy President Eric Francia said the company would need to seal “a lot” of partnerships to achieve its goal—a 50-50 split…
Tag: Ayala Group
Ayala power unit draws down P5 B to fund Bataan coal plant
GN Power Dinginin Ltd. Co. (GNPD) has made the first drawdown of nearly P5 billion from its credit line to finance the construction of its 2×668-megawatt (MW) coal-fired power plant in Bataan. Ayala Corp. disclosed yesterday GNPD has made an initial drawdown under its financing documents to construct the first unit of its supercritical coal-fired…
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…
Winnergy Holdings Corp. 