The Philippines needs at least 10,000 megawatts (MW) or at least $20 to $30 billion of investment in the next 15 years is the economy is to grow by 7 percent to 8 percent in gross domestic product.
“We have to build at least 10,000 MW more plants, at least $2M per MW, you’re talking $20 billion to 30 billion of investments needed in the next 15 years or so,” Business magnate Manuel Pangilinan said during the Asian Institute of Management (AIM) media round table with some of the Philippines’ business leaders on Wednesday.
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