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Article: Philippines: San Miguel eyes 3 more power plants.
- Article from:
- TendersInfo
- Article date:
- November 4, 2009
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Byline: prashant03
After acquiring 2 power plants and a stake in power retailer Meralco, diversifying conglomerate San Miguel Corporation is eyeing to expand its power-related porfolio by joining the bid for 3 hydroelectric power plants.
In a disclosure to the stock exchange on Tuesday, San Miguel confirmed that it has written the Power Sector Assets and Liabilities Management Corp. (PSALM), the state-owned agency tasked to privatize power generating assets, of its interest to join the bid.
"We confirm that the Company, through its subsidiary, Strategic Power Development Corp., has submitted its interest to participate in the bidding for the ...