MANILA – San Miguel Corp on Thursday said its energy unit was seeking to raise funds for 2 coal-fired power plants worth $2.4 billion (P124.2 billion).
The SMC Global Power Holdings Corp plants will be located in Pagbilao, Quezon and Mariveles, Bataan, San Miguel said in a disclosure to the stock exchange.
San Miguel also confirmed its plan to spend P10 billion for its proposed terminal on the former site of the Pandacan Oil depot. (ABS-CBN News)
