Aboitiz acquires chunk of Ayala’s Bataan thermal assets for $579.2-M 15 SHARES Share it! Share TweetBy Myrna VelascoListed firm Aboitiz Power Corporation has firmed up its acquisition of the chunk of Ayala group’s AC Energy Inc. thermal power assets in Bataan in a transaction worth US$579.2 million. “After the sale, AC Energy thermal portfolio will decrease from around 1,300MW to around 800MW,” the Ayala executive indicated. The Aboitiz acquisition basically covered the two power plants in Bataan – the 690MW Mariveles and the 1,336MW Dinginin coal-fired power plant installations. The Mariveles plant had been on commercial operations since 2013; while the Dinginin power plant development will be on stream next year.

Source: Manila Bulletin September 27, 2018 06:00 UTC