News

Philippine Filinvest Development Corp interested in Unified Leyte plant

Tongonan, Leyte Geothermal power plant, Philippines
Alexander Richter 1 Jun 2012

Filinvest Development Corp. is interested in participating in the privatization of the Unified Leyte geothermal plants in the Philippines, looking at power projects and assets to add 200 MW to its portfolio.

Reported locally, Filinvest Development Corp. plans a $573 million investment program to extend its power generation portfolio. While the assets include “green field” projects, it also involves “brown field” projects, among them the Unified Leyte Geothermal plants of combined 640 MW.

The Unified Leyte plants are set up for privatization. The company is looking at adding 200 MW to its portfolio and it will be interested to see if the Leyte plants will be sold individually or as one package.

Source: Inquirer