General Announcement::GNPower Dinginin Initial Drawdown

Issuer & Securities

Issuer/ Manager
AYC FINANCE LIMITED
Securities
AYCFINANCE US$300M0.5%B190502 - XS1056384420 - 3M9B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
07-Sep-2016 07:51:12
Status
New
Announcement Sub Title
GNPower Dinginin Initial Drawdown
Announcement Reference
SG160907OTHR1GZ9
Submitted By (Co./ Ind. Name)
Solomon M. Hermosura
Designation
Company Secretary and Director
Effective Date and Time of the event
05/09/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
GNPower Dinginin Ltd. Co. has made an initial drawdown under its financing documents for the construction of the first unit of its 2 x 668 MW supercritical coal-fired power plant in Mariveles, Bataan. GNPD is the joint venture company of AC Energy Holdings, Inc. AC Energy, Sithe Global GNPD BV and Power Partners Ltd. Co. AC Energy is a wholly-owned subsidiary of Ayala Corporation.

The GNPD Plant will support the growing energy needs of Luzon and Visayas. Construction of the plant, which commenced in January of this year, is in full swing, with Unit 1 scheduled for completion by 2019.