Filinvest and International Power to submit joint bid for 60% of PNOC-EDC
 

Industry leader Filinvest Development Corporation (FDC), the holding company of the Filinvest group and the Gotianun family, and International Power plc have entered into an agreement to bid for a 60% equity interest in PNOC Energy Development Corporation (PNOC-EDC). “FDC and International Power will combine their financial and technical resources to bid for PNOC EDC. The partners believe that PNOC EDC will provide a strong platform for their entry into the Philippine power sector,” explained Ms. Josephine Gotianun-Yap, FDC President. FDC and International Power have already pre-qualified as bidders for the PNOC-EDC shares. The two companies will submit their bid through the consortium company, FDC Geo-Energy Holdings, Inc. FDC, the holding company of the Gotianun group, owns Filinvest Land, Inc. (FLI), Filinvest Alabang, Inc.(FAI) and East West Banking Corporation (EWBC). FDC recently obtained 100% control over Pacific Sugar Holdings Corporation (PSHC). International Power is a leading independent electricity generating company with a total capacity of 18,935 MW (net) in operation and 149 MW (net) under construction. International Power has over 40 power stations in North America, Europe, Middle East, Australia and Asia. The company is listed on the London Stock Exchange.

SEC Form 17-C Copy  

Contact Filinvest Land Incorporated, FDC Building. 173 P. Gomez St. San Juan, Metro Manila
Tel. Nos. (632) 721-5624 or 727-0431 to 39 locals 172 or 229