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Japan's JERA to invest $1.58bn in Philippine utility Aboitiz

Japanese power generator targets growing electricity demand abroad

As demand for LNG power grows in the Philippines, JERA plans to share its LNG procurement know-how with Aboitiz. (Source photos by Reuters and AP)

TOKYO -- Japanese power generator JERA is investing $1.58 billion in the leading utility company in the Philippines, Aboitiz Power, as it hopes to benefit from growing electricity demand in the country while making a transition from coal to cleaner energy.

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