Tag: Masinloc power plant

San Miguel buys Masinloc power plant for $1.9 billion

(Agence France Presse) — Top Philippine conglomerate San Miguel Corp said Tuesday it has bought the Masinloc power plant for $1.9 billion, adding to its burgeoning electricity generation assets. San Miguel unit SMC Global Power Holdings acquired the equity stake held by AES Philippines and Thailand’s EGCO group in Masin-AES, an SMC statement said. The deal involves the 630-megawatt coal-fired power plant, a 355-megawatt coal-fired unit still under construction and a 10-megawatt battery storage plant. […]

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Palace braces public on power supply yellow alert

MANILA, April 15 (ENS) — The Department of Energy has placed the island of Luzon under “yellow alert” because of the unexpected shutdown of Masinloc power plant due to a boiler tube leak, and the extended shutdown of the Pagbilao power plant. According to Director Mylene Capungcol of the DOE, the leak in the boiler tube of the plant in Masinloc was so critical that the plant would not be able to produce electricity because […]

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