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Page 11 - அயலா கார்ப் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Philippines top 1,000 firms saw slow revenue growth even before pandemic

Philippines top 1,000 firms saw slow revenue growth even before pandemic
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Philippines leads Asian stocks higher on Wall Street boost

Ayala unit secures $67-million funding for solar farm in India

COMPANY HANDOUT AYALA-LED AC Energy and Infrastructure Corp. (ACEIC) and its partner UPC Solar Asia Pacific Ltd. have reached financial close for a 100-megawatt (MW) solar farm in India, according to a press release issued by Ayala Corp. on Monday. ACEIC’s listed parent firm told the stock exchange that the $67-million (around P3.25 billion) Sitara Solar project located in the desert state of Rajasthan, has secured a 20-year loan from the US International Development Finance Corp. (DFC). It will be funded through a 75:25 debt-to-equity financing scheme. Ayala described the project as a “major milestone” for its joint venture company UPC-AC Energy Solar, moving the latter closer to its target of achieving over 1 gigawatts of solar energy across Asia.

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