San Miguel eyes Sucat plant
After acquiring a Bataan plant, San Miguel Corporation expressed interest in buying the Sucat Thermal plant, a dormant plant in Manila.
San Miguel, Southeast Asia's biggest food and drinks company, has been venturing outside its established businesses as a growth startegy.
The 600 megawatt power Sucat plant is owned by the state-run National Power Corporation.
Just two weeks ago, SMC through the San Miguel Energy Corp., acquired the Limay, Bataan power plant, a 620-megawatt combined cycle power facility, which the government was unable to sell for four times. It is SMC's first power plant.
The acquisition was through a negotiated sale transaction with the Power Sector Assets and Liabilities Management Corp.
SMEC offered $13.502 million for the Bataan-based plant, surpassing the reserve price.
The power plant remained unsold after three public biddings in July 2008, January 2009, and March 2009 due to lack of interest from investors.
The successful negotiated sale was the fourth attempt of PSALM to privatise the Limay plant.
ABB continues to strengthen the Symphony Plus platform with features and functionalities that meet the needs of a varied and changing power and water market.
The industry giant forays into the Mainland with the introduction of the turbocharged 6-cylinder 4006-23TRS gas engine.
Last December Alstom Grid announced it had acquired Canadian Smart Grid technology company ASAT Solutions - a strategic move to offer integrated substation data management solutions for utilities and industrial customers worldwide.
Modularity of hardware and software to meet the changing and individual requirements of modern grids during the whole life cycle
Following a trial phase with various grid operators, Siemens Smart Grid has brought the new protection device series Siprotec 5 onto the market.
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