AC Energy Holdings, Inc. (ACEHI), a wholly owned subsidiary of Ayala Corp. has signed a joint venture agreement with Power Partners Ltd. Co. for a 405-megawatt (MW) thermal power plant in Northern Mindanao.

In a disclosure, both firms agreed to build and operate three units of the 135-MW thermal power plant in the municipality of Kauswagan, Lanao del Norte.

Read more HERE.

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