- environmental issue
ACEN completes the world's first Energy Transition Mechanism (ETM) transaction for the 246-MW SLTEC coal plant
MANILA, Philippines, Nov. 8, 2022 /PRNewswire/ -- ACEN (PSE:ACEN), the energy platform of the Ayala Group, disclosed today the full divestment of the South Luzon Thermal Energy Corporation (SLTEC) coal plant using the energy transition mechanism (ETM), the first ETM deal in the world. The landmark transaction will enable the early retirement of the 246-MW coal plant in Batangas, Philippines. As part of the ETM structure, the coal plant's...
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