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

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.

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