normal_post - AES eyes loan for Masinloc expansion - Philippine Daily News Author Topic: AES eyes loan for Masinloc expansion  (Read 454 times)

Lorenzo

  • SUPREME COURT
  • THE LEGEND
  • *****
  • avatar_240_1418794287 - AES eyes loan for Masinloc expansion - Philippine Daily News
  • Posts: 54226
  • medal1 - AES eyes loan for Masinloc expansion - Philippine Daily Newsmedal2 - AES eyes loan for Masinloc expansion - Philippine Daily Newsmedal3 - AES eyes loan for Masinloc expansion - Philippine Daily Newsmedal4 - AES eyes loan for Masinloc expansion - Philippine Daily Newsmedal5 - AES eyes loan for Masinloc expansion - Philippine Daily Newsmedal6 - AES eyes loan for Masinloc expansion - Philippine Daily News
  • Be the change you want to see in the world...
    • Share Post
xx - AES eyes loan for Masinloc expansion - Philippine Daily News
AES eyes loan for Masinloc expansion
« on: December 15, 2007, 08:54:46 AM »
 US-based AES Power Corp. plans to expand the Masinloc coal-fired power plant to double its present capacity.

”We see that with the growth in the Philippine economy and the energy demand and how prosperous its becoming we are very excited about contributing to that growth. Masinloc, we feel, is very well positioned to expand its capacity,” Matthew L. Bartley, AES Philippines president, said.

”We expect the closing date to be next month or two. So it should be in the first quarter of the year,” he said, referring to the completion of the acquisition and turnover of the plant.

The expansion of the facility is expected to help avert a looming power crunch that will likely hit the country in the next two to four years. The government is banking on the expansion of existing power plants as an alternative to putting up new ones altogether, which would take more time.

The government auctioned off the 600 megawatt Masinloc facility last July.

Bartley said the company is talking to lenders for partial financing of the upfront payment for the Masinloc facility. The government requires immediate payment of 40 percent of the purchase cost.

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=7407.0



Share via facebook Share via linkedin Share via pinterest Share via tumblr Share via twitter

 

Latest Topics

Gidunggab sa Bayaw by MIKELIGALIG.com
[Today at 07:27:59 AM]


Geneva Bible by MIKELIGALIG.com
[Yesterday at 05:45:57 AM]


Model Entrepreneur by MIKELIGALIG.com
[Yesterday at 05:43:28 AM]


Way Puangod nga Inahan by MIKELIGALIG.com
[Yesterday at 05:39:57 AM]


Most Wanted Kidnapper Nabbed in Davao by MIKELIGALIG.com
[Yesterday at 03:25:20 AM]


Port Projects in Bohol by MIKELIGALIG.com
[Yesterday at 03:13:39 AM]


Highlander Travel Bag on Kickstarter by MIKELIGALIG.com
[July 20, 2019, 05:08:03 PM]


Digital Marketing by Ryan Redding by MIKELIGALIG.com
[July 20, 2019, 05:06:07 PM]


Blockchain Technology on TV Show by MIKELIGALIG.com
[July 20, 2019, 05:04:23 PM]


Advantages of Optimist by MIKELIGALIG.com
[July 20, 2019, 05:02:33 PM]

SMF spam blocked by CleanTalk
Powered by SMFPacks SEO Pro Mod | Sitemap
Mobile View
SimplePortal 2.3.7 © 2008-2019, SimplePortal