|
|
Article: Mindanao consumer to enjoy cheaper power rates with the commissioning of the 200MW coal plant.
- Article from:
- Philippines News Agency
- Article date:
- April 21, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
MANILA, April 21 (PNA) -- Mindanao consumers are set to enjoy cheaper electricity rates once the Conal Holdings Corp.'s (CHC) proposed state of the art 200-megawatt power plant to be built using the latest in clean coal technology pushes through.
Conal Holdings entered into a memorandum of agreement with local power distributor South Cotabato II Electric Cooperative (Socoteco II) for the supply of 100-megawatt (MW) electricity that will be generated by the Alcantara- led power firm.
CHC Project Manager Gregorio Gonzales Jr. said the two parties would soon negotiate for the terms and conditions and pricing scheme that, in turn, would have to be submitted ...