Published January 23, 2017, 10:01 PM
By Myrna M.
Velasco
With another prospective
acquisition, the Ayala group indicated that it is further reinforcing its
investment platform on renewable energy (RE) ventures.
According to AC Energy Holdings
President John Eric T. Francia, the company is currently negotiating for a new
deal on RE acquisition, which it targets to conclude “in the next few weeks.”
Expanding the company’s RE
portfolio, he qualified, is part of the reinforcement plans on their investment
path for clean energy technologies, primarily arrays of renewable energy
developments that could either be wind, hydro, or other technologies.
“We’re still on active lookout for
potential acquisitions…we’re just finalizing stuff and you’ll know it soon,” he
told reporters.
Francia was also asked on what is
the specific technology for this targeted asset buy-in, but he was tight-lipped
when pressed by media for details.
Notably, the latest announcement
from the company on this sphere is the 75-megawatt wind farm development in
South Sulawesi, Indonesia – entailing project funding of $150 million.
The company subsequently announced
that it opted out from prospective hydropower ventures that it should have
carried to implementation phases with partner Sta Clara International
Corporation.
Moving headway with its targeted
2,000MW capacity by year 2020, the Ayala group has unyieldingly set that it
will be pursuing developments both on conventional and RE technologies.
The company has its own portfolio of
wind power projects in the country – the 52-MW Bangui and 81MW Caparispisan
wind farms in Ilocos Norte.
Conversely, the company is now
advancing to various construction phases its coal-fired power projects that it
had cast on blueprint with GNPower. And particularly for its Dinginin power
project in Bataan, this is targeted for completion with a new partner in
Aboitiz Group.
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