Friday, 31 August 2012

Ayala investing $2.5B in power plants

By Alena Mae S. Flores
Manila Standard

Ayala Corp. is investing $2.5 billion in power plants with a combined capacity of 1,000 megawatts over the next five years, an executive of the conglomerate said Thursday.

Ayala managing director Eric Francia told reporters at the sidelines of the Philippine Stock Exchange Renewable Energy Opportunities Forum the Ayala Group would initially infuse $500 million as equity in the projects.

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