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AC Energy readies Vietnam investments

by VOV20 July 2017 Last updated at 10:23 AM

VTV.vn - AC Energy Holdings, a wholly-owned subsidiary of conglomerate Ayala Corp, is in talks with several Vietnamese companies to construct solar and wind projects in the Southeast Asian country, an executive said on July 19.

We’re doing a lot of early development work in Vietnam regarding solar and wind. We’re also open to conventional energy projects, but nothing has been reduced to writing yet, John Eric Francia, president of AC Energy, told reporters on the sidelines of the 5th Annual Philippines Power & Electricity Week Forum.

Mr Francia said the company was negotiating with potential affiliates in Vietnam, adding that solar projects should be up and running by June 2019 in line with the Vietnam government timeline.

We are really exploring our options in a variety of ventures in depth. We will not invest on our own in Vietnam but will do so only if we are successful in locating the right local affiliates, he said.

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