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Article: Philippines: DMCI wins Calaca plant.

Article from:
TendersInfo
Article date:
August 5, 2009
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Byline: kusumv03

DMCI Holdings Inc. of the Consunji group yesterday submitted the highest bid of $361.7 million for the 600-megawatt coal-fired power plant in Calaca, Batangas in an auction yesterday, allowing the company to diversify from coal mining and construction.

DMCI Holdings beat the $280-million offer of Banpu Power Ltd. of Thailand, Power Sector Assets and Liabilities Management Corp. said. The bid also met the government s minimum price, Conrad Tolentino, the spokesman for the state agency said, without disclosing the price.

DMCI Holdings president and chief executive Isidro Consunji said he had yet to digest the results of the ...

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