Listed firm SPC Power Corporation, through its affiliate-firm Intrepid Holdings Inc. (IHI), has terminated its sale and purchase agreement (SPA) with German firm STEAG GmbH, aborting the former’s plan to acquire majority shareholdings in the 232-megawatt Mindanao coal-fired power facility sited in M
The SPC Power Group has called off plans to acquire the 51 percent stake of German firm Steag GmbH in Steag State Power Inc. that operates a coal-fired thermal power plant in Misamis Orienta.
The Department of Energy is undertaking a study to repurpose coal-fired power plants into biomass waste-to-energy power plants after issuing a policy on veering away from coal developments.
Publicly-listed firm SPC Power Corporation and its affiliate-firm Intrepid Holdings Inc. (IHI) have acquired the 51 percent shareholdings of German firm STEAG GmbH in the 210-megawatt coal-fired power plant in Mindanao in a transaction valued at $52 million. In a disclosure to the Philippine Sto