Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

San Miguel to Join With Korea Water to Acquire Angat Hydro Plant

San Miguel Corp., the Philippines’ biggest company, will join forces with Korea Water Resources Corp. to acquire the 218-megawatt Angat hydroelectric plant near the capital Manila.

San Miguel expects to sign a definitive agreement with the Daijon-based utility, it said today in a stock exchange filing. State-owned Power Sector Assets & Liabilities Management Corp. is set to issue a “certificate of effectivity” for the project in favor of Korea Water, according to the statement.

San Miguel said July 29 it was in talks with the Korean utility on teaming up to own and operate the plant in Bulacan province, 58 kilometers (36 miles) north of Manila.

Korea Water submitted the highest bid for the facility in 2010, offering the government $440.9 million. The Philippine Supreme Court halted the award in May that year before upholding its validity last October. The plant is fueled by the Angat dam.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.