The head of the country’s first sovereign wealth fund is finalizing one of its first deals, dubbed the One Mindoro Power project, which seeks to solve intermittent energy issues and unlock business potential on the island off the southwestern coast of Luzon.
The Malampaya deepwater gas-to-power project continues to play a key roles in providing a long-term solution to the Philippines' energy needs, the chair of the Senate energy committee chair said after a recent visit to the facility off the coast of Palawan.