Competition watchdog clears Kepco's buy into Solar Philippines unit
The Philippine Competition Commission (PCC) has approved Kepco Philippines Holdings, Inc.’s acquisition of shares in Solar Philippines Calatagan Corporation.
PCC has cleared Kepco’s plan to acquire a 38% interest in Solar Philippines Calatagan Corporation, a subsidiary of Solar Philippines.
Kepco PH is a wholly-owned corporation of Korea Electric Power Corporation that is engaged in the business of power generation in the Philippines. Solar Philippines, the country’s largest solar energy provider, is a domestic corporation that owns and operates a 63.3 MW solar generating unit in Calatagan, Batangas
In the Commission decision made on December 4, 2018, the Mergers and Acquisitions Office (MAO) of the PCC found that the transaction does not result in substantial lessening of competition in the power generation market.
PCC, the country’s anti-trust body, is mandated under the Philippine Competition Act to review mergers and acquisitions to ensure that these deals will not harm the interest of consumers.
Country updates
-
-
October 25, 2018
Tender launched for US$2 billion LNG project in the Philippines
The Philippine National Oil Company (PNOC) is seeking a joint-venture partner to design, build, finance, operate and maintain a liquefied natural gas (LNG) hub in Batangas Bay, located in Ba...
Read more -
September 28, 2018
AboitizPower signs purchase agreement for 49% voting stakes and 60% interest in Ayala Corp's AA Thermal Inc
Aboitiz Power Corp. has entered into a share and purchase agreement with the Ayala Corporation for the proposed acquisition of a 49% voting stakes and 60% interest in Ayala power unit’s the...
Read more -
August 28, 2018
AboitizPower to expand 750 MW geothermal complex in the Philippines
AP Renewables, Inc. (APRI), a wholly-owned subsidiary of AboitizPower, has signed a Geothermal Resources Supply and Services Agreement (GRSSA) with the Philippine Geothermal Production Compa...
Read more -
July 05, 2018
Poyry has won an engineering, procurement and construction (EPC) contract for the project
Poyry has won an engineering, procurement and construction (EPC) contract for the project. Equipment supply is also covered in the contract. The value is not disclosed
Read more -
June 20, 2018
SK E&C intends to develop US$2 billion coal-fired power project in the Philippines
SK Engineering & Construction (SKE&C), subsidiary of South Korean conglomerate SK Group, has signed a Letter of Intent (LOI) with the Government of the Philippines to build two 600 MW coal-fir...
Read more
