Categorie: Emerging Markets
Submitted 6 months ago by
Lovephileo
, WEB CONSULTANT / PASTOR
at LIGHT OF THE WORLD CHRISTIAN CENTER
The acquisition of the 600 megawatt coal-fired power plant in Zambales,Philippines by AES Corp., a reputable independent power producer (IPP) and one of the world's largest global power companies, has seen to enhance the competitive edge of the Philippine market for electricity generation.It is expected that in the long run this would help bring down electric prices, good for the locals at least. A projection of 30 centavo reduction in power rates per kilowatt hour in the electric bills of household power consumers in the coming months is expected.Gov. Deloso received a symbolic check for r204,600,000 in payment of sales tax. Accordingly, tax revenues derived from the sale of the Masinloc plant would be used to fund projects aimed at improving the delivery of social services and meeting much-needed infrastructure requirements of the province.Indeed, this is an attractive investment and an excellent entry point into the growing ...
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Submitted 6 months ago by
Lovephileo
, WEB CONSULTANT / PASTOR
at LIGHT OF THE WORLD CHRISTIAN CENTER
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