Aboitiz Power Corp. plans to supply electricity to the planned $4.4-billion integrated iron and steel project of HBIS Group Co. Ltd. of China, Huili Investment Fund Management Co. Ltd. and Steel Asia Manufacturing Corp. in Misamis Oriental province.
“These things build cities…An integrated steel mill that have economies of scale would be consuming anywhere from 300 megawatts to 600 MW. It’s a game changer if that’s real,” Aboitiz Power chief operating officer Manny Rubio said.
Rubio said the company also continued to look at overseas expansion.
