This, as an energy consortium pulled out from financing the 660-megawatt Subic coal project which is under Redondo Peninsula Energy Inc. . It is a joint venture between Meralco’s generation arm Meralco PowerGen, Aboitiz Power Corporation, and Taiwan Cogeneration Corp.
The energy consumer advocate representative said this development should push the Pangilinan-led power firm to reassess its proposed 1,200-megawatt coal plant in Quezon, which is under its unit Atimonan One Energy .
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