AboitizPower hikes stake in coal-fired plant

MANILA, Philippines  —Aboitiz Power Corp. has raised its stake in a coal-fired power plant in Mindanao to boost its portfolio without adding new coal capacity to the power grid. In a stock exchange filing on Thursday, AboitizPower said it had signed a share purchase agreement with Essen-based STEAG GmbH to acquire the latter’s remaining 15.6-percent
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