P22B Aboitiz power venture gets perks

By Ayen Infante 06/05/2009 AP Renewables Inc., which is owned by the Philippine Hydropower Group, the holding company of Aboitiz Power Corp. and three other major firms were offered tax holidays under their proposed power projects that would entail an estimated combined cost valued at P27 billion. The Board of Investments (BoI) has approved the P22.725 billion power generation venture of Aboitiz along with the P4 billion two biomass power projects of Global…

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