BusinessWorld
ABOITIZ-LED Therma South, Inc. has bagged tax breaks for its coal power plant straddling Davao City and Davao del Sur, the Board of Incentives (BoI) said in a statement yesterday.
The 300-megawatt, P25-billion power plant is slated to operate by January 2015 and employ 121 personnel, the state agency said in a statement.
Under the current Investment Priorities Plan, power generation projects are among the preferred business activities qualified for incentives such as income tax holidays and duty-free entry of imported equipment.
Therma South is a wholly owned subsidiary of Therma Power, Inc. and an affiliate of Aboitiz Power Corp.
Read here
ABOITIZ-LED Therma South, Inc. has bagged tax breaks for its coal power plant straddling Davao City and Davao del Sur, the Board of Incentives (BoI) said in a statement yesterday.
The 300-megawatt, P25-billion power plant is slated to operate by January 2015 and employ 121 personnel, the state agency said in a statement.
Under the current Investment Priorities Plan, power generation projects are among the preferred business activities qualified for incentives such as income tax holidays and duty-free entry of imported equipment.
Therma South is a wholly owned subsidiary of Therma Power, Inc. and an affiliate of Aboitiz Power Corp.
Read here
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