AC Energy’s partner to take over Kauswagan coal plant

SINGAPORE: AC Energy and Power Partners Ltd. signed a binding agreement for the transfer of AC Energy’s indirect ownership interest in the 4x135MW coal-fired power project in Kauswagan, Lanao del Norte (GNPK Project) in favor of Power Partners. Power Partners is AC Energy’s existing developer-partner in the GNPK Project. The transfer will be implemented in…