5 months SNAP to decide on investment in $1-billion Alimit project by August MB |Biz
By Myrna M. Velasco BALI, Indonesia – The members of the board of SN Aboitiz Power, Inc. (SNAP) will discuss in their scheduled board meeting this August whether a final investment decision (FID) could finally be rendered on their planned 390- megawatt Alimit hydropower facility in Ifugao province which will command an investment of more than US$1.0 billion. “We have to discuss it in the board if it is viable to go ahead with it. We already secured community approval and the necessary permits for the project, so that’s a favorable development” Aboitiz Power Chief Operating Officer and SNAP Board ... more