Tuesday, April 19, 2011

Aboitiz power firm insists on building coal plant

Business World Online
Posted on April 29, 2011 06:50:34 PM

ABOITIZ POWER Corp. reaffirmed its commitment to put up a planned 300-megawatt (MW) coal-fired power plant in Davao despite protests from environmental advocacy groups, the company said in a statement released Friday.

The company said it is ready to invest for the power plant as part of its "commitment to supply the region’s power needs as its communities, industries, investments and commercial establishments grow especially in Davao, which has the biggest power supply need in the region."

"Aboitiz Power has been in Davao for fifty years. Throughout that time and until the present, the company considers Davao its home," the company said in its statement.

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