Ayalas to complete Pangasinan solar plant purchase by mid-December

The Ayala Group’s listed energy platform, ACEN Corp. is set to complete its acquisition of a project company developing a 60-megawatt solar power plant in Pangasinan by the middle of the month.

ACEN disclosed that it executed an agreement for the purchase of Sungrow Power Renewables Corp. and Havilah AAA Holdings Corp. ’s shares and/or subscription rights in Sinocalan Solar Power Corp. (SSPC).

SSPC is the developer of the 60MW solar power plant.

ACEN said the completion of the transaction is expected on December 15, subject to agreed conditions precedent.

The company will wholly own SSPC upon completion of the acquisition.

ACEN owns about 3,700 MW of attributable capacity in the Philippines, Vietnam, Indonesia, India, and Australia.

It aims to reach 20,000 MW in renewable capacity by 2030.

Scammers beware! REGASCO, DOE spearhead LPG Law public awareness

Republic Gas Corp. (REGASCO) president and former LPGMA party-list representative Arnel Ty has called on fellow industry players to ensure the safe use of liquefied petroleum gas in the country in line with Republic Act 11592 or the Liquefied Petroleum Gas Industry Regulation Act.

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Usapang Bilyonaryo” is a digital-first, hybrid magazine show hosted and produced by veteran broadcast journalist Ces Oreña-Drilon in cooperation with the Bilyonaryo.com team. The 30-minute TV cut airs on CNN Philippines at 8 PM every Monday, starting January 16. The full version or producer’s cut of each episode, as well as interview splices, will be posted on Bilyonaryo.com’s Youtube and Facebook accounts.

 

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