Meralco searching for partners for Quezon coal plant project

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Meralco searching for partners for Quezon coal plant project

 

Meralco PowerGen Corporation (MGen), the power generation unit of the Manila Electric Company (Meralco), is still searching for prospective partners for the construction of a 1,200 megawatt (MW) coal-fired power plant in Quezon. “We are talking to a number of parties but we are not yet in the position to discuss whom we are talking to,” said Meralco President Oscar Reyes. Meralco Chairman Manuel Pangilinan said the project would require a partnership with a foreign firm to spread any possible risk “with the partner likely Japanese or Korean and probably not Chinese.” The power project, estimated at $2 billion (P94.41 billion), would be undertaken by Atimonan One Energy.

Meralco searching for partners for 1,200 MW Quezon coal plant

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