{"id":140208,"date":"2017-12-19T01:33:58","date_gmt":"2017-12-19T06:33:58","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=140208"},"modified":"2025-01-10T16:08:55","modified_gmt":"2025-01-10T21:08:55","slug":"smc-unit-buys-out-masinloc-power-plant","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/12\/19\/smc-unit-buys-out-masinloc-power-plant\/","title":{"rendered":"SMC unit buys out Masinloc power plant"},"content":{"rendered":"<figure id=\"attachment_57987\" aria-describedby=\"caption-attachment-57987\" style=\"width: 240px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/08\/ramon_s_ang.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-57987\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/08\/ramon_s_ang.jpg\" alt=\"San Miguel Corp. (SMC) chief executive officer and president Ramon Ang (Photo from SMC) \" width=\"240\" height=\"370\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/08\/ramon_s_ang.jpg 240w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/08\/ramon_s_ang-195x300.jpg 195w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a><figcaption id=\"caption-attachment-57987\" class=\"wp-caption-text\">San Miguel Corp. (SMC) chief executive officer and president Ramon Ang (<a href=\"http:\/\/www.sanmiguel.com.ph\/investor\/page\/29\/Q__A_with_Ramon_S._Ang.html\">Photo\u00a0by SMC<\/a>)<\/figcaption><\/figure>\n<p>MANILA &#8212; SMC Global Power Holdings (SMCGPH), the power business of conglomerate San Miguel Corp. (SMC), has closed a deal to buy the 630-megawatt (MW) Masinloc power plant in Zambales for USD1.9 billion, as it expands footprint in clean coal technology.<\/p>\n<p>SMCGPH reached an agreement to purchase shares with Masin-AES Pte.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy cymbalta online <a href=\"https:\/\/hiims.in\/blog\/wp-content\/uploads\/2024\/08\/jpg\/cymbalta.html\">https:\/\/hiims.in\/blog\/wp-content\/uploads\/2024\/08\/jpg\/cymbalta.html<\/a> no prescription pharmacy <\/div>\n<p> Ltd., equity holders AES Philippines Investment Pte.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy glucophage online <a href=\"https:\/\/hiims.in\/blog\/wp-content\/uploads\/2024\/08\/jpg\/glucophage.html\">https:\/\/hiims.in\/blog\/wp-content\/uploads\/2024\/08\/jpg\/glucophage.html<\/a> no prescription pharmacy <\/div>\n<p> Ltd., and Gen Plus B.V.<\/p>\n<p>It bought American energy giant AES\u2019s 51-percent equity stake and EGCO Group\u2019s 49 percent in Masin-AES Pte. Ltd.<\/p>\n<p>The sale also includes the 335-MW coal-fired unit that is currently under construction and the 10-MW Masinloc energy storage project under commissioning.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy advair online <a href=\"https:\/\/hiims.in\/blog\/wp-content\/uploads\/2024\/08\/jpg\/advair.html\">https:\/\/hiims.in\/blog\/wp-content\/uploads\/2024\/08\/jpg\/advair.html<\/a> no prescription pharmacy <\/div>\n<p><\/p>\n<p>\u201cWe are happy to be able to acquire Masinloc. The additional power assets provide us an opportunity to increase our footprint in clean coal technology that provides reliable and affordable power, particularly in Luzon,\u201d said SMC president and chief operating officer Ramon S. Ang in a statement.<\/p>\n<p>\u201cIn fact, we have substantially reduced emissions even from our existing power plants to continue promoting the economy\u2019s growth and produce energy in an environmentally responsible way,\u201d he said.<\/p>\n<p>The completion of the agreement is subject to the satisfaction of certain conditions, including the approval of the Philippine Competition Commission (PCC) and the final execution of the definitive agreements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; SMC Global Power Holdings (SMCGPH), the power business of conglomerate San Miguel Corp. (SMC), has closed a deal &hellip;<\/p>\n","protected":false},"author":33,"featured_media":57987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[39562,39495,15023,3851,39561,3383],"class_list":["post-140208","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-masin-aes-pte-ltd","tag-ramon-s-ang","tag-san-miguel-corp","tag-smc","tag-smc-global-power-holdings","tag-zambales","mauthors-leslie-gatpolintan","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/140208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=140208"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/140208\/revisions"}],"predecessor-version":[{"id":282406,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/140208\/revisions\/282406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/57987"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=140208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=140208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=140208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}