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Byline: Carmelito Q. Francisco
DAVAO CITY - Aboitiz Power Corp. plans to spend up to P170 billion in the next five years to rehabilitate old plants as well as establish new facilities across the country.
In a statement yesterday, the company said the planned expenditure will likely go to hydroelectric and clean coal projects to take advantage of a shortage in the market.
In Mindanao, P35 billion will be invested for an additional 354 megawatts (MW) that would come on stream by 2015, the company said. Part of this amount would be for the initial operation of the 300-MW, coal-fired power plant to be constructed in this city, while the remaining amount would …