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Roxas Holdings, GBP form joint venture

11 Dec

ROXAS Holdings, Inc. (RHI) and Global Business Power Corp. (GBPC) will establish a joint venture that will undertake a 40-megawatt (MW) biomass power project in Negros Occidental, which is targeted for completion in 2017.

The Memorandum of agreement involves the front-end engineering design study and other pre-development studies for the cogeneration facility in La Carlota City.

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The recently signed agreement also details RHI’s and GBPC’s duties and responsibilities related to the financing, design, construction, ownership and operation of the 40-MW biomass power plant that will be located within the premises of RHI’s Central Azucarera de la Carlota, Inc.

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Posted by on December 11, 2014 in Corporate News, GTCAP, Stock Market

 

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