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SPC terminates 'purchase deal' with STEAG – Manila Bulletin

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 ....

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SPC Power calls off Steag acquisition

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. ....

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DOE to review proposal to repurpose coal-fired plants

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. ....

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Stock Commentary: SPC Power Corp suspended mid-session after $52M acquisition

This sale transfers all of STEAG GmbH’s stake in SSPI, which was STEAG GmbH’s only investment in the Philippines. ....

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SPC Power buys German firm stake in STEAG coal plant

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 ....

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