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Vivant Corp and GBPC ink deal for development of 670MW coal fired power plant

Power News - Published on Thu, 07 Dec 2017

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Inquirer net reported that a unit of Vivant Corp signed with Global Business Power Corp an agreement on the predevelopment of a 670 megawatt, coal fired power plant in La Union. Vivant said in a disclosure to the Philippine Stock Exchange that Vivant Integrated Generation Corp and GBPC would jointly participate in the project through Lunar Powercore Inc.

The project is under a special purpose vehicle named Global Luzon Energy Development Corp., which will undertake the financing, design, procurement, construction, testing, commission, operation and maintenance of the planned power plant.

The plant will have two generating units at 335 MW each.

VIGC and GBPC have allocated P450 million for the predevelopment activities.

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Posted By : Nanda Koijam on Thu, 07 Dec 2017
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