Conal Holdings Plans $450 Million, 200-Megawatt Coal-Based Power Project in Philippines

BANGALORE, INDIA--July 21, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Conal Holdings Corporation (Makati City, Philippines) has announced plans to build the 200-megawatt (MW) coal-fired Kamanga plant in the coastal town of Maasim in Sarangani province. Conal Holdings is a 40:60 joint venture between Electricity Generating Public Company Limited (BAK:EGCO) (Bangkok, Thailand) and the Alcantara Group (Makati City). The company has signed an agreement with Sultan Mining and Energy Development Corporation (PSE:SLTN) (San Juan City, Metro Manila) for coal. Other companies featured: AES Corporation (NYSE:AES), Korea Electric Power Corporation (SEO:015760).