Philippines: AC Energy eyeing expansion in Southeast Asia neighbors

Philippines: AC Energy eyeing expansion in Southeast Asia neighbors

AC Energy Holdings Inc. is setting its sights on expanding in the region,
starting with a wind-power project in Indonesia.

AC Energy President Eric Francia said the power arm of conglomerate Ayala
Corp. is keen on "looking more broadly in other parts of Southeast Asia,
like Vietnam and Myanmar."

The project in Indonesia involves foreign and local partners. "It's a
three-way partnership with AC Energy owning between 70 percent and 75
percent," Francia said, adding that the wind project is less than 100
megawatts (MW) in capacity.

"[Indonesia] has a big demand. If you look at its market, it's growing," the
company official said. The project, he added, will break ground in the next
few months.

AC Energy is targeting another 1,000 MW of additional capacity from the
current 1,000 MW already put in place with partners.

Of the new target, the company expects 60 percent to come from
renewable-energy (RE) sources, which include solar and wind. "We expect RE
to be more competitive over the next five years," Francia said.

AC Energy's attributable capacity is currently pegged at 1,088 MW. It will
start construction of 668-MW GN Power Dinginin Ltd. Co. coal plant in
Bataan.

Existing projects with partners include the 604-MW GNPower Mariveles, the
2×135-MW coal-fired power plant in Calaca, Batangas, under South Luzon
Thermal Energy Corp., and the 4×135- MW coal-fired power plant in Kauswagan,
Lanao del Norte, in Mindanao through GN Power Kauswagan Ltd. Co.

AC Energy's RE portfolio, meanwhile, includes the 52-MW Northwind Power
Development Corp. in Bangui, Ilocos Norte, and the 81-MW wind farm in
Pagudpud, Ilocos Norte, through its affiliate North Luzon Renewable Energy
Corp. and the 18-MW Monte Solar Energy Inc. (Montesol) plant in Negros
Oriental—a joint undertaking with Bronzeoak Clean Energy Inc. "The
renewable-energy revolution is upon us and we are gearing up the
organization for this new reality. We will also harness synergies across the
Ayala group to achieve this goal," Francia said. "We expect renewable energy
to be more competitive over the next five years, and this will be good from
a sustainability, diversification and resiliency standpoint."

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Ref:
http://dev.businessmirror.com.ph/ac-energy-eyeing-expansion-southeast-asia-n
eighbors/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com