NIBH divests from biomass power firms

By Eireene Jairee Gomez

Jun 19, 2021 12:52 am

Negros Island Biomass Holdings Inc. (NIBH), a joint venture development holding company between AC Energy and the Zabaleta group, has signed binding agreements to divest its shareholdings in three biomass-fired power plants in the Visayas.

In a disclosure to the Philippine Stock Exchange on Friday, AC Energy said NIBH will sell its equity stake to its partner, the Singapore-based ThomasLloyd CTI Asia Holdings Pte Ltd.

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