Tuesday 1 January 2013

INQUIRER.net: Meralco eyes perks for Subic plant

INQUIRER.net
Philippine News for Filipinos
Meralco eyes perks for Subic plant
Jan 1st 2013, 20:56

MANILA, Philippines—Electricity retailer Manila Electric Co. (Meralco) is seeking tax perks from the Board of Investments (BOI) for its P55-billion coal-fired power plant project in Subic.   Applying for similar incentives for its Atimonan liquefied natural gas project in Quezon will be considered depending on the outcome of ongoing studies, officials said.   Meralco, which is pursuing electricity generation to secure power requirements amid demand growth in the areas it serves, is undertaking such projects through subsidiary Meralco Powergen Corp.   The Subic power project is being pursued with Aboitiz Power and Taiwan Cogeneration Corp. while the Atim...

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