Pursuits
San Miguel to Join With Korea Water to Acquire Angat Hydro Plant
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San Miguel Corp., the Philippines’ biggest company, will join forces with Korea Water Resources Corp. to acquire the 218-megawatt Angat hydroelectric plant near the capital Manila.
San Miguel expects to sign a definitive agreement with the Daijon-based utility, it said today in a stock exchange filing. State-owned Power Sector Assets & Liabilities Management Corp. is set to issue a “certificate of effectivity” for the project in favor of Korea Water, according to the statement.