Ayala Corp completes acquisition of 51.48% stake in Phinma Energy
AC Energy, the energy unit of Ayala Corporation, has completed the acquisition of a 51.48% stake in Phinma Energy.
The deal represents a total of PhP3.669 billion (US$71.49 million) of investment.
Country updates
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May 16, 2019
20 MW Tarlac 2 solar project to be commissioned
20 MW DC Tarlac 2 solar park in the Philippines is undergoing through the testing before being commissioned. The facility is located in Tarlac City. The plant features 61,200 Tallmax photovoltaic...
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March 12, 2019
Philippines signs NTP to Batangas City LNG terminal
Philippine government has signed a notice to proceed (NTP) to build a liquefied natural gas (LNG) import terminal to be developed within the facility complex. The proposal was submitted by First Gen C...
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January 19, 2019
Competition watchdog clears Kepco's buy into Solar Philippines unit
The Philippine Competition Commission (PCC) has approved Kepco Philippines Holdings, Inc.’s acquisition of shares in Solar Philippines Calatagan Corporation. PCC has cleared Kepco’s...
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October 25, 2018
Tender launched for US$2 billion LNG project in the Philippines
The Philippine National Oil Company (PNOC) is seeking a joint-venture partner to design, build, finance, operate and maintain a liquefied natural gas (LNG) hub in Batangas Bay, located in Ba...
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September 28, 2018
AboitizPower signs purchase agreement for 49% voting stakes and 60% interest in Ayala Corp's AA Thermal Inc
Aboitiz Power Corp. has entered into a share and purchase agreement with the Ayala Corporation for the proposed acquisition of a 49% voting stakes and 60% interest in Ayala power unit’s the...
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