Marubeni taking 20% stake in Calaca coal power plant

Japan’s Marubeni Corp. is entering as a strategic partner in the Semirara Mining and Power Corp.-Meralco PowerGen Corp. (MGen) team-up for the 2×350-megawatt coal-fired power plant in Calaca, Batangas estimated to cost as much as $1.4 billion, a Semirara official said. In an interview with reporters, Semirara chairman and CEO Isidro Consunji said Marubeni is…

Meralco considering 2 subs for RE Projects

Meralco is considering having two subsidiaries to handle its renewable energy (R.E.) projects, a top company official said.  A Meralco official said that an initial 20-megawatt (MW) of solar power projects would be undertaken via newly established unit MSpectrum and that Meralco might carve out its other R.E. businesses under a new subsidiary.  Read more here.