SPC Power Corporation (PSE:SPC) signed an agreement to acquire Power Barges 102 and 103 from AC Energy Corporation (PSE:ACEN) PHP 39.2 million on September 15, 2021. The transaction is subject to satisfaction of agreed conditions precedent and regulatory approvals. Closing of the transaction is expected to be completed in the fourth quarter of 2021. As of December 9, 2021. SPC Power Corporation (PSE:SPC) board approves the deal. The consideration was paid in cash. As of February 22, 2022. SPC Power Corporation completed the acquisition of Power Barges 102 from AC Energy Corporation.

SPC Power Corporation (PSE:SPC) completed the acquisition of Power Barges 103 from AC Energy Corporation (PSE:ACEN) on April 19, 2022.