Ayala Corporation’s fully owned energy unit, AC Energy Holdings, Inc. (AC Energy) announced that it recently completed several power generation projects which, combined, add a total of 235 megawatts (MW) to the Luzon grid. These projects utilize both renewable and conventional power sources.
AC Energy, under its investee company, Northwind Power Development Corp., completed its 19-MW wind expansion project in Bangui, Ilocos Norte last October 10, 2014. It has since been operational and has been successfully delivering power to the grid. This expansion increases Northwind’s capacity to a total of 52MW. Following the completion of this expansion phase, the Department of Energy issued a Certificate of Endorsement for Feed-in-Tariff for Northwind’s 19-MW expansion.
Barely a month after, the Ayala-led power unit, through its affiliate North Luzon Renewable Energy Corp. (NLREC), completed another 81-MW wind farm in Pagudpud, Ilocos Norte last November 11, 2014. This wind project, which consists of 27 turbines supplied by German manufacturer Siemens, has likewise since been operational. The project is awaiting the issuance of a Certificate of Endorsement for Feed-in-Tariff from the Department of Energy. Combined, Northwind and NLREC put Ayala’s total wind power capacity at 133MW.
In addition to its wind projects, the company, in partnership with Trans-Asia Oil and Development Corp., is also reaching the final stages of completion of the first of two 135-MW CFB Coal-fired power plant units in Calaca, Batangas. The company expects to begin commercial operations of the plant by the first quarter of 2015. The second 135-MW unit is likewise planned for completion and operation by the end of 2015.
AC Energy President & CEO, Mr. Eric Francia said, “We believe the completion and operation of our two wind projects as well as the completion of our project in Calaca come very timely as these will significantly help meet the country’s immediate demand for power.” Mr. Francia added, “Ayala has always recognized the need to build both base load power and develop renewable energy sources. We continue to work on a pipeline of power projects to meet our goal of assembling around 1,000 MW in generating capacity over the next few years.”
Over the past three years Ayala has invested approximately US$500 million in equity in developing various power generating projects.