ACEN Corporation sells its equity in South Luzon Thermal Energy Corporation to a special purpose vehicle
Type: Sale · Technology: Other · Country: Philippines · Announced: 2024-06-25
In 2022 ACEN Corporation sold its full equity stake in South Luzon Thermal Energy Corporation (SLTEC) — owner/operator of the South Luzon coal-fired power plant in the Philippines — to a special purpose vehicle to enable managed coal phaseout and transition financing.
Counterparties
- Special purpose vehicle (SPV) (Buyer)
- South Luzon Thermal Energy Corporation (Seller)
- ACEN Corporation (Seller)
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