Bataan solar energy inc

Is Ayala investing in Bataan solar?

Ayala-led AC Energy Philippines, Inc. (ACEN) is investing more funds into the development of a solar facility in Bataan. The power company told the stock exchange on Friday that it signed a subscription deal with its wholly owned subsidiary Bataan Solar Energy, Inc. (BSEI) to acquire P400 million-worth of shares.

How much power will the Bataan solar energy plant generate?

The plant is expected to generate up to a maximum of 20-megawatts and power around 5,000 households. “We’re excited to see the Bataan solar energy plant and our other electrification projects come to fruition, reflecting PAVI’s commitment to Filipinos,” said PAVI head of infrastructure and projects Atty. TJ Mendoza.

What is Bataan energy project?

The project has so far created 22,151 working opportunities to the people of Bataan and it was “built with a vision of energy conservation and environmental protection.” Its on-site equipment can ensure long-term and stable power output while conducting qualified treatment of harmful gases generated during production.

Why did AC Energy Invest in Bataan solar?

The investment in Bataan Solar is part of the company’s P2.2-billion funding program to introduce new energy technologies in the Philippines. Last month, AC Energy also subscribed shares in Buendia Christiana Holdings Corp., one of its special-purpose vehicles, to buy and develop potential project sites.

Is Bataan a nuclear power plant?

The EO still included the Bataan Nuclear Power Plant (BNPP) in the national nuclear program, but other nuclear power installations will be pursued. The BNPP was the only nuclear power plant in the region during the 1980s, as the Philippines was one of the first Southeast Asian countries to embark on a nuclear energy program.

Does Bataan have low electricity rates?

Bataan now enjoys lowest electricity rates - 1Bataan MARIVELES, Bataan - While electric consumers in other parts of the country are sick and tired over on and off power supply, Bataan residents are enjoying the lowest electricity rates after the GN Power Mariveles Coal Plant (GMCP) went back to its normal operations, producing 600 megawatts.