FDC Misamis Power Corp. (FDC Misamis), a subsidiary of FDC Utilities Inc., is set to begin with the construction of a 405-megawatt (MW) power plant in Mindanao very soon, with the groundbreaking scheduled next month.
Meanwhile, listed Nickel Asia Corp. (NAC) is tying up with a Mindanao-based cooperative to build a P1-billion power plant in the region. The 405-MW power plant, which will be constructed within the Phividec Industrial Estate in Misamis Oriental, will be connected to the Mindanao Grid and is expected to deliver much-needed power to the region by early 2016.
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