MANILA (Reuters) -- Three top Philippine energy firms have partnered for the first time to form a large-scale integrated liquefied natural gas (LNG) facility, the companies said on Sunday, in a deal two of them valued at $3.3 billion.
Aboitiz Power and a subsidiary of Manila Electric (Meralco) agreed to invest in the gas-fired power plants of a unit of San Miguel Corp.: the 1,278 megawatt (MW) Ilijan power plant and a new 1,320 MW facility set to start operating by the end of the year.
