Bloomberg News

Ayala Land Partners With Mitsubishi On Energy Efficency Venture

November 23, 2011

Nov. 24 (Bloomberg) -- Ayala Land Inc. and Mitsubishi Corp. formed a venture that will promote energy efficiency in the Philippines.

The venture called Philippine Integrated Energy Solutions Inc. will invest close to 1 billion pesos to build two district cooling systems aimed at lowering power and utility costs in two of Ayala Land’s developments in the capital, the company said in a disclosure to the stock exchange today.

To contact the editor responsible for this story: Cecilia Yap at cyap19@bloomberg.net


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