Business.inquirer.net 23 May 2013
MANILA, Philippines—Publicly listed Greenergy Holdings Inc. expects to start earning from its aggressive expansion program in China by the third quarter this year.
Company president and CEO Antonio L. Tiu told the Inquirer Thursday in an interview that Greenergy’s first venture in China involves plants that will produce a combined four megawatts.
Capacity will expand in the coming years with 15 new biomass energy plants to be built in Heilongjiang province.
Tiu said Greenergy was set to acquire a majority stake in Zhongshe Renewable Energy Corp., which has four biomass facilities producing 1 MW each.
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Greenergy to cash in on China ventures
