MANILA -- A unit of Philippine conglomerate Ayala has become the latest power company in the country to move away from coal toward cleaner energy, a delicate transition in a nation with high electricity prices.
Energy
Philippines' shift away from coal expands with Ayala deal
Government and companies aim high on renewables, but cost hurdles remain
A coal barge is pulled along a river in Indonesia, the Philippines' main source of imported coal. © Reuters
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