The TEPDIA agreement establishes TEPCO and MC as indirect shareholders of EGCO
, with each of the partners holding a 12.
We are pleased to have come to this agreement with EGCO
Group, a company with which we have enjoyed a very positive working relationship for the past several years," said Neil H.
is currently considered to be one of the premier independent power companies in Southeast Asia with a range of power generation facilities under management and extensive operation, maintenance and related power plant services capabilities.
Commenting on the transaction, Anthony Orlando, Covanta's President and CEO stated that, "We are pleased to be selling our interest in Quezon to our partner in the venture, EGCO
The in-progress plant is an extension of a 460-MW coal-powered facility at Mauban in Quezon, where EGCO
holds a majority stake.
holds a 98% stake in Quezon Power (Philippines) Ltd.
s Khanom Power Plant to become operational in June 2016
In July, EGCO
International decided to invest in established and operating power projects in the Philippines including the Quezon power plant in Mauban.
TLPC) which is 100% owned by EGCO
and Electric Power Development Co.
bought Boco Rock through its full takeover of Asia Pacific Renewables Ltd, owned mainly by Continental Wind Partners, the developer of the wind farm.
The deal by EGCO
also involved a large team of Baker & McKenzie lawyers in Sydney and Bangkok, led by Curnow and senior associates Simon Greenacre and Robyn Farrell.
will retain CWP to manage the wind farm locally.