|
PROPERTY
developer Filinvest Development Corp. wants to do
business in the power sector by acquiring existing
assets through biddings or building new power plants,
president Josephine Gotianun-Yap told reporters.
“The
power sector is a good sector for diversification, and
it has a stable earnings stream that can balance with
[the] trading income from our property and other
businesses,” she added.
Gotianun-Yap
said they will continue to look at other opportunities
in the power sector.
Gotianun-Yap
added they will also look into other available
privatization opportunities.
“With
respect to greenfield projects in the power industry,
there’s nothing definite at this point,” she said,
adding that she thinks when a company enters a sector,
it should always look at all possibilities.
Filinvest Development and partner International Power
Plc. have submitted a P48.528-billion bid for the
government’s remaining stake in Philippine National Oil
Co.-Energy Development Corp., or PNOC-EDC.
Filinvest Development and International Power have
combined its financial and technical resources fort the
PNOC-EDC bid.
Filinvest Development, the holding company of the
Gotianun group, owns Filinvest Land Inc., Filinvest
Alabang Inc. and East West Banking Corp. Filivest
Development recently obtained 100-percent control over
Pacific Sugar Holdings Corp.
International Power is a leading independent
electricity-generating company with a total capacity of
18,935 megawatts (MW) in operation and 149 MW under
construction. The company is listed on the London Stock
Exchange and has over 40 power stations in North
America, Europe, Middle East, Australia and Asia. |
