AYALA CORP ENERGY BUSINESS GROUP

AC Energy was given recognition at the IFM Awards 2017 for the company’s growth of itsattributable capacity from 80 megawatts (MW) in 2011 to over 1, 600 MW in 2017.

“We are honored to receive this award, which recognizes the exceptional growth of ACEnergy. From a standing start in 2011, the company has become one of the largest energyplatforms in the Philippines and is poised to become a significant regional player. Thiswas made possible by the extraordinary work by the AC Energy team and strong support fromour partners and shareholders ,” AC Energy CEO Eric Franciasaid.

The company currently has 1.3 gigawatts (GW) worth of conventional power and around 300 MWof renewable energy projects. Among the conventional power projects of AC Energy include;668-MW GN Power Dinginin Ltd. Co. coal plant in Bataan, 604-MW GN Power Mariveles, the 2 ×135 MW coal-fired power plant in Calaca, Batangas through the South Luzon Thermal EnergyCorp. and the 4 × 135 MW coal-fired power plant in Kauswagan, Lanao del Norte in Mindanaothrough the GN Power Kauswagan Ltd.

Its renewable energy projects include the 52-MW Northwind PowerDevelopment Corp. in Bangui, Ilocos Norte, an 81-MW wind farm in Pagudpud, Ilocos Nortethrough NLREC and an 18-MW solar plant in Negros Oriental which is a joint undertakingwith the Bronzeoak Clean Energy Inc

AC Energy is also pursuing energy projects outside of the country since last year,beginning with two investments in Indonesia.

AC Energy has also teamed up with the Brian Caffyn UPC Indonesia Ltd. to build a 75-MW windfarm in Sulawesi under the PT UPC Sidrap Bayu Energi. Apart from Indonesia based projects,AC Energy also partnered with the BIM Group of Vietnam to develop over 300 MW of solarpower projects in Ninh Thuan province.

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