Filinvest to build 4 power plants

MANILA, Philippines – Filinvest Development Corp. plans to develop four liquefied natural gas power plants across the country with a planned total capacity of 1,500 to 1,800 megawatts within the next five years, FDC president Lourdes Josephine Gotianun-Yap said Friday.

The project will be implemented through FDC Utilities, a wholly owned subsidiary of FDC, Gotianun-Yap said at FDC’s annual stockholders meeting on Friday.

“The investment will form the third leg of the FDC conglomerate within the next five years,” she said.