Ayala to develop renewable plants in Vietnam

Ayala to develop renewable plants in Vietnam

AC Energy Holdings Inc., the power generation unit of conglomerate Ayala
Corp., unveiled a plan to build renewable energy plants with a combined
capacity of several hundreds of megawatts in Vietnam over the next two to
three years.

AC Energy president John Eric Francia said the company was in talks with
several potential partners in Vietnam to implement the strategy.

The company's move to look for potential renewable projects in Vietnam is
part of its thrust to reach 2,000 MW of attributable capacity by 2020, with
half coming from renewable energy projects.

Francia said while the company was open to all types of technologies, it was
keenly interested in renewable energy.

He said Vietnam was offering positive investment opportunities.

"I believe that Vietnam market is growing double digit and my view there is
that it is in need of greater supply. They have no reserve margin with
double digit growth, so it is in need of additional investment," Francia
said.

Francia said he was hoping that a deal would be finalized soon. "We are
trying our best," he said.

AC Energy currently has 1,300 MW of capacity, including 300 MW of renewable
energy.

AC Energy recently acquired Bronzeoak Clean Energy and San Carlos Clean
Energy.

Bronzeoak Philippines is one of the leading renewable energy developers,
having built over 250 MW of solar and biomass projects.

AC Energy also entered into a development funding arrangement with UPC
Renewables Asia Pacific Holdings Ltd. and UPC Renewables Asia I Limited in
June for the development of small island power projects in Indonesia.

"That partnership should keep up busy looking for expansion," Francia said.


Under the terms of the agreement, AC Energy International agreed to provide
funding for the development of power generation projects with sub 50-MW
capacities.

AC Energy will also have accompanying rights to participate in funding other
Indonesian renewable energy projects.

UPC Renewables is a leading global energy player that develops, finances,
constructs, owns and operates a portfolio of renewable energy generation
assets.

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Link to Original Article:
http://thestandard.com.ph/business/power-technology/246644/ayala-to-develop-
renewable-plants-in-vietnam.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com




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