Aboitiz ‘likely buyer’ of Ayala’s $1-B coal plant assets 7 SHARES Share it! Share TweetBy Myrna M. VelascoListed firm Aboitiz Power Corporation is inching closer as the “likely buyer” of the US$1.0 billion worth of asset representing 50-percent equity that has been set on sell-down by the Ayala Group on its coal-fired power facilities. Several companies had looked at the asset sale placed by Ayala’s power investment unit for auction as early as May. For the Aboitiz group, this will reinforce the stronghold it has on the Mariveles coal-fired power plants – its joint venture with the Ayala conglomerate. The facility’s expansion units are currently at construction phases for the two-unit Dinginin coal-fired power plant venture, which will have total capacity of 1,376MW or 688MW capacity per block.

Source: Manila Bulletin September 25, 2018 13:52 UTC