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Ayala Corp. (AC.PH) said Monday its power investment arm, AC Energy Holdings Inc., will invest 1.5 billion Philippine pesos ($36.4 million) in a joint venture that will build a second 135-megaWatt coal-fired power plant in Calaca, a town just south of Manila.The facility, Calaca's second such plant, will be owned by South Luzon Thermal Energy Corp., a joint venture between AC Energy and Trans-Asia Oil & Energy Development Corp. (TA.PH). Construction will start in the second half of this year, and the plant is expected to start commercial operations by 2016.Local construction firm DM Consunji and China National Technical Import & Export Corp. will build the plant, which will use clean-coal technology.Write to Cris Larano at cris.larano@dowjones.comSubscribe to WSJ: http://online.wsj.com?mod=djnwiresCopyright © 2013 Dow Jones Newswires...
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