‘Govt keen on maximizing value of CBK hydro plant’

Quick Summary:

The government’s intent to maximize the value of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant caused the delays in the privatization of the power asset, according to the chief of the Department of Energy (DOE).

The concern of the Department of Finance was to enhance the privatization value of CBK and that’s why it got delayed,” DOE Secretary Raphael Lotilla said.

PSALM would have been able to privatize that even without GEA-3 [Green Energy Auction-3].

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Article Details

Author / Journalist: Lenie Lectura

Category: BusinessStartups

Markets: PhilippinesJapan

Topics: Energy Hydro Gea-3 Storage Power Privatization Corp Been Value Psalm Pumped

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 16:04:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 613 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 25004852

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Year Established: 2005

Headquarters: Philippines

News Last Updated: 1 days ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #37

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