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AC unit targets 1,000-MW power capacity by 2016

09 Jan

BY WEALTH SECURITIES

Ayala Corp. (AC) the power generation company of the Ayala Group, is targeting to put up 1,000 MW in capacity by 2016.

It is on track to reaching this goal after recently securing financing for the phased construction of a 4×135-MW coal-fired power plant in Kauswagan, Lanao del Norte in Mindanao.

This brings AC Energy’s attributable capacity to over 700 MW.

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Aside from the Mindanao plant, AC Energy is also involved in the development of a 2×600-MW power plant in Bataan situated beside the existing GN Power Mariveles plant.

For its renewable energy projects, AC Energy has finished several wind farm projects last year in North Luzon.

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Posted by on January 9, 2015 in AC, Corporate News, Stock Market

 

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