Aboitiz Power Corp and its joint venture partner – the US based SunEdison, have awarded an engineering procurement and construction (EPC) contract for a $75.6 million (P3.5 billion) power project – their first in a series of utility-scale solar power projects in the Philippines.
Aboitiz Power earlier disclosed to the stock exchange that its wholly owned subsidiary Aboitiz Renewables Inc (ARI) had signed shareholders’ agreements with SunEdison Philippines Helios BV to formalise the equity sharing, governance structure, and other terms and conditions of the ARI and SunEdison partnership, in their joint venture firm Maaraw Holdings San Carlos Inc.
