FDC Misamis Power Corp. of the Filinvest group has inked a 28-year lease deal with the Phividec Industrial Authority for an initial 84.4-hectare land area within the Phividec’s industrial estate in Villanueva, Misamis Oriental to be used for the construction of a 405-megawatt coal-fired power plant.

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photo by Rey Baniquet / Malacañang Photo Bureau

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