ACEN Corp., the Ayala Group's listed energy platform, has firmed up a joint venture deal with an Indonesian partner to develop renewable energy projects in Indonesia.
In a filing on Thursday, ACEN said that PT Trisuya Mitra Bersama, a member of the Puri Usaha Group, and ACEN Indonesia Investment Holdings Pte. Ltd. "have entered into an investment agreement and shareholder's agreement for their joint venture company, PT Puri Prakarsa Batam."
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