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Developer to spend P100B for RE

Developer to spend P100B for RE

As published on Malaya MRC Allied Corp. plans to expand its renewable energy portfolio to 1,000 megawatts in the next five years while working to spin off its real estate and mining ventures. The company looks to invest between P80 billion and P100 billion for its power venture, with a potential to generate P3.9 billion in profit, while its property and mining ventures are geared for possible listing by introduction in the stock market, said Gladys Nalda, MRC president.

MRC Allied invests P100 billion in RE

MRC Allied invests P100 billion in RE

As published on Manila Bulletin MRC Allied, Inc., a firm controlled by Menlo Capital Corporation of Benjamin Bitanga and Lucio Tan Jr., is investing P80 billion to P100 billion for its transformation into a power company from a real estate and mining concern. “In line with our vision to be one of the major players in the Philippine power industry, we plan to develop at least 1,000 megawatts of clean and renewable energy by 2022,” said MRC Allied President Gladys Nalda during

MRC diversifying into energy

MRC diversifying into energy

As published on PhilStar MANILA, Philippines - MRC Allied Inc. is diversifying into the energy sector with plans to become a major player in the Philippine power industry, targetting to develop at least 1,000 megawatts of clean and renewable energy (RE) in the next five years. In her message during the company’s annual stockholders meeting on Friday, newly appointed president and CEO Gladys Nalda said the company is diversifying into energy because of increasing power demand

MRC Allied to spend P80B-P100B to generate 1,000 MW in 5 years

MRC Allied to spend P80B-P100B to generate 1,000 MW in 5 years

As published on Business Mirror PUBLICLY listed real-estate firm MRC Allied Inc. is venturing into the power business, targeting to increase its power-generating capacity to at least 1,000 megawatts (MW) in the next five years. To achieve the target, the company, which is 51.9-percent owned by Menlo Capital Corp., is determined to put up at least 200 MW of capacity every year until 2020. In all, the cost to achieve the 1,000-MW target is estimated to reach anywhere from P80

MRC Allied to venture into energy

MRC Allied to venture into energy

As published on Rappler Not all power projects would be built from scratch as MRC Allied is open to acquiring or partnering with existing renewable energy developers MANILA, Philippines – Listed property developer MRC Allied Incorporated is venturing into the energy business, targeting to develop at least 1,000 megawatts (MW) of power generating capacity in the next 5 years. To achieve the target, the company, which is 51.9% owned by Menlo Capital Corporation, is determined t

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