Ayala Corp.’s power generation arm ACEN Corp. expects its capital expenditure to reach P70 billion in 2025, a top executive said over the weekend. “We are
Ayala Corp.’s power generation arm ACEN Corp. expects its capital expenditure to reach P70 billion in 2025, a top executive said over the weekend.
Francia earlier said the company already reached 6.8 gigawatts of power generation capacity to date, of which 45 percent are operating, 34 percent are under construction and the rest are committed or board-approved projects.ACEN announced this month that its Australian unit won a 936-megawatt wind project in New South Wales that would power up to 500,000 homes.
The tender ensures enough new affordable and reliable electricity will be brought into the grid to meet demand between now and 2030.
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