Thursday, March 25, 2010

Aboitiz to bid for Angat hydro project

MANILA, Philippines - Energy producer Aboitiz Power Corp. said on Thursday it will team up with Norway's SN Power to bid for the 246-megawatt Angat hydro electric plant that is being privatised this year.

"Yes we will bid for Angat," Michael Hosillos, vice president for corporate services at SN Aboitiz Power Group, told reporters.

SN Aboitiz Power operates the Aboitiz Group's hydro power business, which has a total capacity of nearly 500 MW.

The Angat power plant in Bulacan, north of the capital, has attracted the interest of major local companies including Ayala Corp. and Metro Pacific Investment Corp.

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