Coal venture under study

Coal venture under study

MANILA (Reuter): State-owned Philippine National Power Corp (Napocor) is considering forming a joint venture company with Indonesia's state-owned coal mining PT Tambang Batubara Bukit Asam.

Napocor president Guido Delgado said formation of the joint venture company was one of the options being studied by Napocor before concluding a long-term coal supply agreement with the Indonesian firm.

The joint venture may be incorporated in Manila or in Jakarta, he said.