Aboitiz-Ayala firm sells higher power rate to Meralco

The joint venture of Aboitiz Power Corporation and ACEN Corporation of the Ayala group will be selling electricity to Manila Electric Company (Meralco) for a rate higher by P1.65 per kilowatt hour (kWh) to P5.96 per kWh compared with the cheaper P4.31 per kWh rate of South Premiere Power Corporation

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