Insular Life (InLife) has inked an agreement with a subsidiary of ACEN Corporation for P1.0 billion worth of investment in the preferred shares of South Luzon Thermal Energy Corporation (SLTEC), the corporate vehicle of the Ayala group that is retiring its coal plant via the energy transition financ
Ayala-led ACEN Corporation income dipped 68 percent to P405 million in the first quarter this year versus P829.32 million in the same period last year, owing to higher cost in securing replacement power for its customers. The Ayala firm attributed the earnings drop to “short term headwinds” as i
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Ayala-led ACEN Corporation has inked P13.7 billion omnibus loan and security agreement with Bank of the Philippine Islands (BPI) and Rizal Commercial Banking Corporation (RCBC) as energy transition mechanism (ETM) funding for its 244-megawatt South Luzon Thermal Energy Corporation’s (SLTEC) coal pla
Ayala-led ACEN Corporation will avail of energy transition mechanism (ETM) refinancing for its 270-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant to prepare for its eventual phaseout. In a disclosure to the Philippine Stock Exchange (PSE), the Ayala company indica