AC Energy Holdings (AC Energy), a wholly owned subsidiary of Ayala Corporation (AC), said that as part of an Indonesian consortium, it has completed the purchase and acquisition of Chevron’s geothermal assets and operations in Indonesia.
AC Energy said in a disclosure to the Philippine Stock Exchange (PSE) on Monday that the Indonesia consortium consists of AC Energy (holding a 19.8-percent stake), Star Energy Group Holdings Pte. Ltd., Star Energy Geothermal Pte. Ltd., and Electricity Generating Public Company Ltd.
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