Clifford Chance advises on acquisition of Chevron's geothermal assets in South East Asia
Singapore: Leading international law firm Clifford Chance has advised a consortium comprising Star Energy Group Holdings Pte. Ltd., Star Energy Geothermal Pte. Ltd., AC Energy Holdings, Inc. (a subsidiary of Ayala Corporation) and Electricity Generating Public Company Limited on the entry into binding agreements to acquire global energy provider Chevron's geothermal operations in Indonesia and the Philippines.
The assets in both countries include geothermal fields with a combined capacity to generate more than 1100 MW of electricity and steam.