A Brown Co. eyes 12 power facilities in Mindanao
By Amy R. Remo
Publicly listed A Brown Co. Inc. plans to put up 12 power projects that will generate a total of 110 megawatts of “peak” capacity for electricity-starved Mindanao.
Publicly listed A Brown Co. Inc. plans to put up 12 power projects that will generate a total of 110 megawatts of “peak” capacity for electricity-starved Mindanao.
Aboitiz Power Corp. is on track to completing P35 billion worth of projects in Mindanao, which can deliver over 300 megawatts of much-needed power to the electricity-starved island by 2015.
First Gen Corp. of the Lopez group has set aside close to $2 billion (roughly P82 billion) to put up natural gas and hydropower projects over the next five years, in anticipation of the country’s need for additional capacities.
Alsons Consolidated Resources Inc. of the Alcantara family is set to tap new loan facilities to help raise funds for roughly P14 billion worth of power projects in Mindanao.
Conglomerate Ayala Corp. is embarking on $2.5 billion worth of power projects to build a portfolio of about 1,000 megawatts over the next five years as it eyes to make energy one of its core businesses over the long term.
Aboitiz Power Corp. expects to sign by early next year two loan agreements that will help finance two crucial coal-fired power plants—one in Luzon and the other in Mindanao—worth a total of $1.82 billion (about P78 billion).
The Lopez-led First Gen Corp. is eyeing to invest as much as $1 billion—or roughly P43 billion at the prevailing exchange rate—to finally pursue the expansion of its two natural gas-fired facilities in Batangas through the 500-megawatt San Gabriel power project.
The Department of Energy (DoE) expects 10 committed projects to shore up the country’s power supply by 944 megawatts and help ease any shortfalls this year through 2018.
