By Amy R. Remo
MANILA, Philippines—Publicly listed SPC Power Corp. plans to bid for the management of the government’s contracted capacity in the 149-megawatt Naga power complex in Cebu, as it aims to further strengthen its involvement in power-related projects.
In a filing with the Philippine Stock Exchange, SPC Power said it intended to “devote special and aggressive focus to participate in the privatization” of the Naga facility.
“The power supply condition in the Visayas area is forecasted to remain critical in the future due to the booming economy and surging power demand. The Naga power complex should continue to greatly alleviate and bridge the forecasted supply shortage in the coming years,” SPC Power said.
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