Aseagas Corp., a subsidiary of Aboitiz Equity Ventures Inc. (AEV), said it expects to complete the construction of its $50 million (P2.2 billion) biomass power facility in Lian, Batangas by the middle of next year.

Manuel Lozano, chief finance officer of AboitizPower, another subsidiary of AEV, said the biomass plant, which will be the first in the country, is expected to generate 8 megawatts (MW) of renewable energy (RE).

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