Tag page - Marubeni

Luzon grid will gain additional capacity following the commercial operation of the 150-megawatt Ingrid diesel-fired power plant, a joint venture of AC Energy Corporation (ACEN) of the Ayala group and Axia Power Holdings Philippines Corp., a subsidiary of Japanese firm Marubeni Corporation....

The subsidiary of Japanese firm Marubeni Corporation has inked a shareholders’ agreement with the energy investment arm of the Ayala group to firm up its acquisition of 50-percent stake in the corporate vehicle for the latter’s 150-megawatt Pililla diesel power project. The deal was cemented...