Thursday 18 January
Powered by Ajaxy
Dec 6, 2017 @ 13:39

Global Business Power, Vivant partner for La Union power plant

 

Vivant Integrated Generation Corp. signed a pre-development agreement with Global Business Power Corp. (GBPC) for a 670 megawatt coal-fired power plant in Luna, La Union.

A special purpose vehicle ,Global Luzon Energy Development Corp., has been formed to undertake the financing, design, construction, and operation of a two-unit 335 megawatt coal-fired power facility in the province of La Union.

Vivant and GBPC have earmarked P450 million for the pre-development activities.

Owned by the Cebu-based Garcia-Escano clan, Vivant continues to explore opportunities to expand its power generation and electricity distribution businesses.

GBPC, on the other hand, is the leading power supplier in the Visayas. Controlled by Metro Pacific Investments Corp., GBPC’s goal is to double its current capacity of 854 MW to 1,500 to 2,000 MW in five years.

JG Summit Holdings holds a 30 percent stake in GBPC.

Tags: , , , , , , , , , ,

Related Stories
Smart Communications Inc. continued to provide the fastest LTE speed (long-term evolution) but Globe remained
Union Bank of Philippines’ (UBP) purchase of PR Savings Bank is seen as a perfect
8990 Holdings Inc. has appointed Willibaldo J. Uy as its new president and CEO beginning
These state universities will be the key to this groundbreaking initiative.


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - bilyonaryo.com.ph.