
Pertamina To Buy 20% Stake In Philippine Tycoon Edgar Saavedra’s Renewable Energy Venture For $118 Million
A Citicore Renewable Energy solar farm in Bulacan, north of Manila. Courtesy of Citicore Renewable Energy PT Pertamina will acquire 20% of tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. for 6.7 billion pesos ($118 million), providing the Philippine company with funds for expansion. PT Pertamina Power, a unit of the Indonesian state-owned oil and gas…