ACEN swaps assets for Enexor shares
- January 4, 2022
Ayala-led ACEN is set to swap some of its assets for shares in exploration unit ACE Enexor, Inc. in a deed of assignment that the two entities signed before the end of
Ayala-led ACEN is set to swap some of its assets for shares in exploration unit ACE Enexor, Inc. in a deed of assignment that the two entities signed before the end of
While Ayala-led ACEN may be leading the charge towards attaining an all-renewable energy (RE) platform by 2025, it said thermal power assets, primarily gas and diesel, are still needed to attain energy
Amid the ongoing United Nations Climate Change Conference in Scotland, the Department of Energy (DOE) said the Philippines still needs coal and oil meet the country’s power needs. Energy Sec. Alfonso Cusi,
AC Energy (ACEN), the power arm of the Ayala Group, is transitioning its generation portfolio to 100% renewable energy (RE) by relinquishing all thermal assets by 2025 through a “property-for-share-swap” scheme with
Fort Pilar Energy Inc., a firm owned by the family of businessman-politician Michael “Mikee” Romero, is looking to develop up to 3,000 megawatts (MW) of power projects in its portfolio in the
Fort Pilar Energy’s 650-megawatt (MW) Malaya Thermal Power Plant (MTPP) in Pililla, Rizal and UPC Renewables’ 500MW Dalupiri Island Wind Power Project in Calayan, Cagayan are among the latest power ventures that
DMCI Power Corporation has allotted around Php3.5 billion to expand its generation capacity in the off-grid market, particularly in Palawan and Masbate. The company said around Php2.7 billion will be used to
Mitsubishi Hitachi Power Systems (MHPS) launched its third Global Service Center (GSC) for thermal power plants in the Philippines yesterday for its expansion in Southeast Asia and the Middle East. MHPS President