Philippine-listed Megawide Construction Corp has acquired Citicore Power Inc, and now plans to diversify its core business, adding stakes in renewable energy, property, and airports.
With a commitment to produce 1000 Megawatts (MW) of clean energy, Citicore Power will tap renewable energy sources such as solar, biomass, wind, and hydropower. It currently operates three solar power projects in the provinces of Bataan, Negros Occidental and Cebu. These three facilities account for more than one hundred megawatts going into the national grid.
