By MYRNA M. VELASCO
Manila Bulletin
MANILA, Philippines — The power generation segment of the Aboitiz conglomerate will chalk up the P100 billion capital expenditures (capex) that it has lined up from 2011 to 2013.
Aboitiz Power Corporation president and chief executive officer Erramon I. Aboitiz indicated that the projects covered by the capital outlay are just the items already approved, such as the coal plants to be sited in Subic and Davao.
“The capex will be spread over three years,” he stressed, adding that there would still be a probability for it to be revised upwards if its Magat plant expansion will be given approval this year.
“The Magat expansion has not been approved yet,” he stressed, but if that will be pursued this year that will add about $150 million in the company’s budget for 90-MW capacity addition.
For year 2011, the budget allocation will be P43 billion, just for the jumpstart point of the coal plants and the smaller hydro facilities as cast in the company’s investment blueprint.
Read here
Manila Bulletin
MANILA, Philippines — The power generation segment of the Aboitiz conglomerate will chalk up the P100 billion capital expenditures (capex) that it has lined up from 2011 to 2013.
Aboitiz Power Corporation president and chief executive officer Erramon I. Aboitiz indicated that the projects covered by the capital outlay are just the items already approved, such as the coal plants to be sited in Subic and Davao.
“The capex will be spread over three years,” he stressed, adding that there would still be a probability for it to be revised upwards if its Magat plant expansion will be given approval this year.
“The Magat expansion has not been approved yet,” he stressed, but if that will be pursued this year that will add about $150 million in the company’s budget for 90-MW capacity addition.
For year 2011, the budget allocation will be P43 billion, just for the jumpstart point of the coal plants and the smaller hydro facilities as cast in the company’s investment blueprint.
Read here
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