AC Energy invests in diesel power plant

By Jordeene B. Lagare

Dec 20, 2019 12:35 am

AC Energy Philippines Inc. (ACEPH) has acquired a stake in a company which will be developing a 300-megawatt (MW) diesel power plant in Rizal province.

ACEPH signed on Thursday a subscription agreement with Ingrid Power Holdings Inc. which will undertake a diesel facility in the municipality of Pililia. Construction of the first 150 MW will commence in the first quarter of 2020.

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