AboitizPower raises stake in power plant operator
ABOITIZ Power Corp. (AboitizPower) has increased its equity interest in power plant operator STEAG State Power, Inc. (SPI) to 85%, the power company announced on Thursday. The acquisition involved the purchase of an additional 15.6% equity stake from STEAG Power GmbH, the parent firm of SPI, the first coal-fired power plant in Mindanao. STEAG Power GmbH is […]
Tomas Kauer - News Moderator 
ABOITIZ Power Corp. (AboitizPower) has increased its equity interest in power plant operator STEAG State Power, Inc. (SPI) to 85%, the power company announced on Thursday. The acquisition involved the purchase of an additional 15.6% equity stake from STEAG Power GmbH, the parent firm of SPI, the first coal-fired power plant in Mindanao. STEAG Power GmbH is […]
