ACEN completes the world's first Energy Transition Mechanism (ETM) transaction for the 246-MW SLTEC coal plant
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Monday, November 7, 2022
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The landmark transaction will enable the early retirement of the 246-MW coal plant in Batangas, Philippines.
Key Points:
- The landmark transaction will enable the early retirement of the 246-MW coal plant in Batangas, Philippines.
- Ahmed Saeed, ADB vice president said, "We commend the Ayala Group and ACEN for the successful closing of this pioneering ETM transaction.
- Eric Francia, ACEN president and CEO said, "ACEN continues to blaze the trail for energy transition in the Asia Pacific.
- As the company has successfully divested its coal asset, ACEN commits to a just energy transition.