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Philippine Star
Philippine Star
Danessa Rivera – The Philippine Star January 28, 2022 | 12:00am MANILA, Philippines — ACEN Corp., the energy platform of the Ayala Group, has closed the sale of its remaining diesel-fired power barge for P126 million. Proceeds from the sale will be used to bankroll ACEN’s renewable development plan. In a disclosure to the Philippine Stock Exchange yesterday, ACEN said it executed a deed of absolute sale and assignment for Power Barge (PB) 101 to More Power Barge Inc. (MPBI) last January 21. “The transaction involves all of MPBI’s rights, title and interests in PB 101 and, to the extent permitt…