The planned acquisition by ports and casino tycoon Enrique Razon Jr. of a controlling stake in the Malampaya gas-to-power project is a welcome development for the Philippine power sector, Energy Secretary Alfonso Cusi said Friday.
On Thursday, Razon’s infrastructure arm, Prime Infra Holdings Inc., announced that the acquisition process of a controlling stake in the Malampaya project from Davao-based tycoon Dennis Uy has already kicked off.
