Ayala INVESTMENTS News FLASH 8-2-13
NEWS FLASH BGC
ABS-CBN builds BGC Theme Park
By James A. Loyola
Published: July 31, 2013
Play Innovations, Inc., a
subsidiary of ABS-CBN Corporation, is investing P1 billion for the
construction of the Philippine franchise of Mexico’s KidZania, one of
the world’s fastest-growing family edutainment centers.An interactive kid-sized city, the world-class facility is expected to generate close to 500 jobs and cater to 600,000 visitors annually once it starts operations in the Bonifacio Global City by November, 2014.
Play Innovations industry partners director Cecille Mariño said Play Innovations is 73 percent owned by ABS-CBN’s wholly-owned unit ABS-CBN Theme Park and Resorts while the remaining 27 percent is owned by Kids Entertainment which is a group of Singapore-based investors.
KidZania Manila is a first-of-its-kind indoor play center that allows children to freely explore a world their size and choose from over 100 role-playing activities in different establishments sponsored by real brands.
Fueled by a child’s natural desire to create, explore and collaborate, KidZania is equal parts entertainment and education, making it one of the most progressive family entertainment concepts in the world today.
Through KidZania’s hyper-real role-play, kids aged 4 to 14 can learn about different careers, the inner-workings of a city and the concept of managing money.
Each experience is designed to empower kids, giving them the confidence to be their best selves, and inspiration to be great global citizens.
KidZania has become a global phenomenon with 13 locations in 10 countries and experiencing rapid global growth, with more than 11 locations currently under development around the world.
Each KidZania location offers experiences that are relevant to a particular region, culture and geography by way of food, entertainment and professions.
“There is a great market for KidZania in the Philippines because a huge part of the population is composed of kids and the country is enjoying a strong economy,” said KidZaniaGlobal chief operating officer Andres Fabre.
Play Innovations president Maricel Pangilinan-Arenas said KidZania Manila will also cater to corporate events as well as school groups.
Ayala invests $220M for wind project
By James A. Loyola
Published: July 15, 2013
Ayala Corporation’s power
generation unit AC Energy Holdings, Inc. (ACEHI) is taking a majority
stake in a joint venture that will develop wind power projects in Ilocos
Norte with an initial investment of $220 million.
In a statement, Ayala said ACEHI has signed an Investment Framework Agreement and Shareholders’ Agreement with UPC Philippines Wind Holdco I B.V. and the Philippine Investment Alliance for Infrastructure (PINAI) fund.
UPC Philippines is a wholly owned company of UPC Renewables Partners (UPC) while the PINAI is a P26- billion fund comprised of the Government Service Insurance System, Dutch pension fund asset manager APG, Asian Development Bank and Macquarie Infrastructure Holdings (Philippines) Pte. Limited.
Under the agreements, the firms will jointly develop wind power
projects in Ilocos Norte through Northern Luzon UPC Asia Corporation
(NLUPC) as their joint venture company.
An initial equity investment has been agreed for the first 81MW project with an investment value of approximately $220 million with ACEHI funding 64 percent of equity, PINAI 32 percent and UPC 4 percent.
The 81MW project received a declaration of commerciality on June 17, 2013 from the Department of Energy. Accordingly, NLUPC has signed the Turbine Supply, Installation and Service Availability Agreements with Siemens Wind Power A/S and Siemens Inc. and has issued the Notice to Proceed.
The project’s initial phase is expected to be connected to the grid by June, 2014. The joint venture company has a portfolio of additional wind energy projects of over 200MW under development.
The project will grow ACEHI’s wind farm portfolio in the Philippines, building on its current 50 percent ownership of NorthWind Power Development Corporation which already operates a 33 MW wind farm in Bangui, Ilocos Norte.
Over the past two years, ACEHI has established a robust pipeline of power assets and has committed over US$300 million of equity in conventional and renewable energy technologies.
UPC has nearly 20 years of experience in developing, financing, constructing, owning and operating wind farms in Europe, USA and Asia with gross generating capacities of approximately 2,000MW.
In a statement, Ayala said ACEHI has signed an Investment Framework Agreement and Shareholders’ Agreement with UPC Philippines Wind Holdco I B.V. and the Philippine Investment Alliance for Infrastructure (PINAI) fund.
UPC Philippines is a wholly owned company of UPC Renewables Partners (UPC) while the PINAI is a P26- billion fund comprised of the Government Service Insurance System, Dutch pension fund asset manager APG, Asian Development Bank and Macquarie Infrastructure Holdings (Philippines) Pte. Limited.
Under the agreements, the firms will jointly develop wind power
projects in Ilocos Norte through Northern Luzon UPC Asia Corporation
(NLUPC) as their joint venture company.An initial equity investment has been agreed for the first 81MW project with an investment value of approximately $220 million with ACEHI funding 64 percent of equity, PINAI 32 percent and UPC 4 percent.
The 81MW project received a declaration of commerciality on June 17, 2013 from the Department of Energy. Accordingly, NLUPC has signed the Turbine Supply, Installation and Service Availability Agreements with Siemens Wind Power A/S and Siemens Inc. and has issued the Notice to Proceed.
The project’s initial phase is expected to be connected to the grid by June, 2014. The joint venture company has a portfolio of additional wind energy projects of over 200MW under development.
The project will grow ACEHI’s wind farm portfolio in the Philippines, building on its current 50 percent ownership of NorthWind Power Development Corporation which already operates a 33 MW wind farm in Bangui, Ilocos Norte.
Over the past two years, ACEHI has established a robust pipeline of power assets and has committed over US$300 million of equity in conventional and renewable energy technologies.
UPC has nearly 20 years of experience in developing, financing, constructing, owning and operating wind farms in Europe, USA and Asia with gross generating capacities of approximately 2,000MW.
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