The Company shall make suitable disclosures to the Exchange within the occasion the definitive agreements referring to the pondered acquisition of the Power Plant and the availment of the credit centers are concluded with the counter events,” Petron stated.
In September 2013, SMC PowerGen received the cogeneration plant of Petron placed in Limay, Bataan. The plant added an initial 70MW to the whole potential of SMC Global of two,615 MW. SMC said in an annual file submitted to the PSE on April 15, 2014 that another 70-MW unit became expected to be commercially available by means of the second half of 2014.
Petron’s announcement on Thursday did no longer say why it turned into reacquiring the energy plant from SMC PowerGen.-
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