SPNEC and Prime Infra (PRIME)) signed MOA for Joint Ventures
by SPNEC and Prime Infra have signed a memorandum of understanding regarding a Solar power joint venture project for Terra Solar. Sale of common shares in Solar Tanauan by SP to Prime for Php 1 billion upon execution of the agreements, which would result in Prime owning 100% of Solar Tanauan (with the proceeds of this sale going to SPNEC after the share swap.