Marubeni fired up about coal power in the Philippines

Marubeni fired up about coal power in the Philippines

Marubeni will take a 20% stake in a 270,000-kilowatt coal-fired power plant
in the Philippines province of Batangas, and is looking to make other
investments in power plants there.

The Japanese trading company will spend roughly 10 billion yen ($85.7
million) to acquire 20% of the shares in the plant from local company Phinma
Energy and another concern sometime in December.

Given an expanding economy and growing population, the Philippines
Department of Energy estimates that domestic demand for electric power will
increase 90% by 2030.

The investment should generate dividend revenue for Marubeni, but the
company is also considering getting more closely involved by dispatching
personnel to help run the plant, which has been in operation since 2015.

Marubeni is looking for other opportunities to invest and participate in
power projects in Batangas. The province has a port that can accommodate the
offloading of coal. More generating plants can be expected to be built in
the region, to supply electricity to the energy-hungry Manila region.

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Link to Original Article:
http://asia.nikkei.com/Business/Deals/Marubeni-fired-up-about-coal-power-in-
the-Philippines

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com