Actis buys stake in Manila Electric unit to back Terra Solar Project

Actis buys stake in Manila Electric unit to back Terra Solar Project

REUTERS/Stringer/File Photo

UK-based infrastructure private equity investor Actis has entered into a strategic partnership with Manila Electric Company (Meralco) and its subsidiary, Solar Philippines New Energy Corporation, to invest in the Terra Solar Project, aimed to provide electricity to around 2.4 million Philippine households.

Edited by: Pramod Mathew