Philippine power producer Aboitiz Power Corp (AP) will seek $315 million in loans to fund the construction of a 246-megawatt (MW) coal-fired power plant in central Philippines, the company said on Thursday. Aboitiz Power, a unit of Philippine conglomerate Aboitiz Equity Ventures, is one of four groups involved in building the power plant in Toledo in the central province of Cebu. Other members of the consortium are Global Business Power Corp of the Metrobank group Taiwan's Formosa Heavy Industries, and the Vivant Corp.

August 21st, 2008 | Posted in Mining Companies, Mining Exploration, Mining Investment, Mining News