Philippines: Petron buys San Miguel power plant for $400m

Philippines: Petron buys San Miguel power plant for $400m

The 140-megawatt solid fuel-fired power plant of SMC PowerGen Inc (visual from SMC Global Power website)

Listed oil refining and marketing company Petron Corp has acquired for over $400 million (P20.29 billion) the 140-megawatt solid fuel-fired power plant of SMC PowerGen Inc.

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