Published by
Philippine Star
Philippine Star
Danessa Rivera – The Philippine Star January 16, 2022 | 12:00am MANILA, Philippines — ACE Enexor Inc. (ACEX), the listed oil and gas exploration and production unit of the Ayala Group, has firmed up its investment in a 1,100-megawatt (MW) combined cycle power plant in Batangas, which will be co-developed with a unit of global alternative asset manager Blackstone Inc. In a disclosure to the Philippine Stock Exchange, ACEX signed a shareholders’ agreement and subscription agreements with Batangas Clean Energy Inc. (BCE) and Gen X Energy L.P., a portfolio company of Blackstone Inc., the world’s l…