Ayala divests 540 MW coal-fired power plant asset
The wholly-owned subsidiary of Ayala Corporation, AC Energy and Infrastructure Corp. has entered into an agreement with Power Partners for the sale of Ayala Group's equity interest in the 540 MW Kauswagan coal-fired power plant for at least US$453.24 million.
The project consists of four 138-MW Pulverized Coal Combustion thermal plants with Shanghai boilers and Siemens turbines and generators located in Kauswagan, Lanao del Norte.
Power Partners is a partner of AC Energy in the development of the power plant.
Country updates
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March 24, 2021
First Gen shortlists two companies for FSRU provider of LNG hub in Batangas
First Gen Corp. through its unit, FGEN LNG Corp., is set to select between BW Gas Limited and Hoegh LNG Asia Pte. Ltd. as the company supplier of a floating storage regasification unit (FSRU) for its...
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March 22, 2021
Department of Energy issues Notice to Proceed for Philippines LNG (PLNG) hub project in Batangas
Atlantic Gulf & Pacific Company of Manila, Inc. (AG&P) has been issued the Notice to Proceed (NTP) by the Philippines’ Department of Energy (DOE) for the development of its LNG import an...
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March 22, 2021
PSALM to launch negotiation sale process for Malaya Thermal Power Plant
The Power Sector Asset and Liabilities Management (PSALM) Corporation Privatization Bids and Awards Committee has extended the invitation to interested parties to join the third round of negotiated sa...
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March 19, 2021
AboitizPower adds 49 MW energy storage system in Therma Marine Mobile 1 power plant
Aboitiz Power Corp. starts the installation of a 49 MW battery energy storage system (BESS) in the floating power plant in Davao region of the Philippines. Aboitiz Construction is partnering wi...
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March 12, 2021
AC Energy invests PHP2.2bn for battery storage project in Laguna
AC Energy has signed a subscription agreement with its subsidiary Giga Ace 4 for the purchase of shares for a total of PHP2,000 million (US$45.35 million). The investment will go towards the dev...
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