The board of directors of Ayala-led AC Energy Corporation (ACEN) has greenlighted the joint venture deal that the conglomerate’s energy investment arm will be cementing with Solar Philippines Power Project Holdings Inc. (SP) of millennial-businessman Leandro L. Leviste.
In a disclosure to the Philippine Stock Exchange (PSE), the Ayala firm indicated that the tie-up will delve with “development and construction of solar projects in the Philippines.”
In a disclosure to the Philippine Stock Exchange, the Ayalas’ power arm said that its board of directors approved the proposed joint venture during its board meeting last Friday (January 22).
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