Araneta business group to spend ₧41B for hydropower plant - BusinessMirror

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

The group of businessman Gregorio Ma. Araneta III will invest P41 billion to put up an 800-megawatt (MW) pumped-storage hydropower facility in Laguna. Know more:

THE group of businessman Gregorio Ma. Araneta III will invest P41 billion to put up an 800-megawatt pumped-storage hydropower facility in Laguna.

According to BHC, the indicative cost of the project is P41 billion, using the exchange rate of P52.53 per $1 as of the last quarter of 2018. Project construction will take approximately 48 months and will involve a workforce of 2,000. It will be located along the northwestern part of the Laguna Lake East Bay and will occupy several barangays in the municipality of Pakil and Pangil.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘ARTA made great strides in improving business climate’ - BusinessMirrorOver 30 private and business groups are appealing to the Office of the Ombudsman to work with the Anti-Red Tape Authority (ARTA) to improve government services. In a joint statement released by the Management Association of the Philippines (MAP) on Monday, 32 private and business organizations expressed concern over the Ombudsman’s call to abolish the
Source: BusinessMirror - 🏆 19. / 59 Read more »