AC Energy Philippines, Inc. targets to build around 1,300 megawatts (MW) of power generation plants by end-2020, or about three times the size of the company’s installed capacity before the Ayalas’ energy arm bought the former Phinma Energy Corp. last year.
“We’ll be focusing a lot on renewables and peaking plants,” Eric T. Francia, president and chief executive officer of AC Energy Philippines said in a briefing at the company’s head office in Makati City.
The Ayalas’ energy arm in the country previously announced greenfield or new power plant projects in Alaminos, Laguna at 120 MW, and 60 MW in Palauig, Zambales. An affiliate property company has land in Alaminos where a solar farm can be put up.
