MORE than four years after it won the bidding for the privatization of Angat Hydroelectric Power Plant (HEPP), Korea Water Resources Corp. (K-Water) on Friday finally took over the operations of the 218-megawatt (MW) facility in Bulacan.
Emmanuel Ledesma Jr., president and chief executive officer of the Power Sector Assets and Liabilities Management Corp. (PSALM), said that government handed the hydro plant to K-Water after it completed payment for the privatized facility amounting to $441 million or P19.662 billion.
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