PHILIPPINE conglomerate Ayala Corporation (AC) said on Wednesday its power unit AC Energy Holdings Inc. has signed investment agreements with an Indonesian company for the development, construction, and operation of a wind farm project in Sidrap, South Sulawesi, Indonesia.
In a disclosure to the Philippine Stock Exchange, Ayala said AC Energy has signed investment agreements with UPC Renewables Indonesia Ltd. to develop, construct, and operate a 75-megawatt (MW) wind farm in Indonesia with a total project cost of $150 million.
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