Philippines: Largest food, beverage firm in Southeast Asia aims at entering geothermal power business

Philippines: Largest food, beverage firm in Southeast Asia aims at entering
geothermal power business

San Miguel Corp., a Filipino multinational publicly listed conglomerate
holding company, has announced plans to enter the geothermal energy sector
to increase its power generation capacity.

In a statement to the Stock Exchange, the company said, that it
"contemplates to participate and invest in the development of geothermal
energy projects to further expand its energy portfolio and provide
cost-effective alternatives for consumers."

SMC said it was "evaluating the viability of the geothermal projects of Pan
Pacific Power Philippines Corp. (e.g. Mt. Cagua-Baua project in Cagayan
Valley and Cervantes prospect in llocos Sur and Abra), as confirmed by Mr.
Ramon S. Ang, president and COO of the company."

The company further looks at an expansion into solar and tidal power
generation as well.

Already today, the company owns a majority stake in a 218 MW hydro power
plant, and is an IPP for a natural gas plant in Batangas and another hydro
power plant in Pangasinan.

San Miguel is "the largest publicly listed food, beverage and packaging
company in Southeast Asia as well as the Philippines' largest corporation in
terms of revenue, with over 17,000 employees in over 100 major facilities
throughout the Asia-Pacific region."

Its flagship product, San Miguel Beer, is one of the largest selling beers
and among the top ten selling beer brands in the world.

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Link to Original Article:
http://www.thinkgeoenergy.com/largest-food-beverage-firm-in-southeast-asia-a
ims-at-entering-geothermal-power-business/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com