Friday 18 January
Nov 22, 2016 @ 15:40

Ayalas increase stake in NorthWind Power

 

The power unit of conglomerate Ayala Corp. has raised its stake in the company that developed the country?s first commercial wind farm to 67.79 percent.

AC Energy Inc., through wholly-owned unit Pressage Corp., acquired an additional 17.79 percent stake in NorthWind Power Development Corp., which owns and operates the 52 megawatt Bangui wind project in Bangui, Ilocos Norte.

NorthWind is the pioneer in the wind sector. It also has a renewable energy service contract for a wind energy project in Aparri, Cagayan.

AC Energy first acquired a 50 percent stake in NorthWind in 2011. It has investments in the development of conventional as well as solar, wind, and minihydro energy sources.

Please follow and like us:

Tags: , , , , , , ,

Related Stories
Communication and Information Technology Secretary Eliseo Rio is scratching his head on why President Rodrigo
Politiko and businessman Chavit Singson has scored a big coup against one of the country's
LAOAG CITY ? The Ilocos Norte government plans to revive the old grandeur of an
This agency is quick to respond as other frontline offices.


 

Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.