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Through 100% subsidiary Therma Power Inc., Aboitiz Power Corp., has won the government's approval to acquire indirect partnership stake in GNPower Mariveles Coal Plant Ltd. Co. and GNPower Dinginin Ltd. Co.
The deal is worth $1.2 billion and, the company will fund it with a combination of internally generated cash and foreign banks' funding.
While GNPower Diningin is a new project that consists of 1,338 MW (2 by 668 MW) supercritical thermal...




