THE PHILIPPINE STAR

, MONDAY I OCTOBER 2I, 20'19 I busjness@phitstarmedia.com/businesslgs62ooo@yahoo.com

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By RICHMOND MERCURIo
., After
ily
estab,Iishing its presence in the port and airline industries, the fam-
of Rep. Michael "Mikee" Romero is looking to conquer the country,s
energy sector next.
The Romero group is lining up a
number of projcct\ in thc polrer seL-
tor Lhat would consisI ot ar quisition oi
existing assets and const::uction of new
facilities. It would also include a first
of its kind energy project in Mindanar.).
"Me and rny wife's businesses are
now heavily on airline, heavily on por.ts.
I built two ol tlre biggebt port., in rhe
J.hi.lippines. Our power busincs, i, tht,
\ :
Its investments in the pow-
er sector will ljkely be consoli-
dated into a holding company
to be called One Power.
"Currer.rtly we're buyir.rg
one hydro and wc're finaliz-
busirress thal I'm very, very ercite,.l," ing one and we're putting up
Romero said. aIlother renewable energy, 100
"lt4y concentration is really on the MW. And of coulse our cr.own
power sector. We want to be one of the investment, which is operating
players in the energy sector," he said. *te wholc Z.rrnboanl;a Electric
Romero s.rid his group is eyeirrg to, Co," Ronrero said.
have a portfolio capacity of beiween Romero said his group
300 megawatts (MW) and 350 MW by would also bid for the 650-
next year that is composed of a mix of MW Malaya Thermal Power
renewable and coal. Plant which it intends to con- Romero
t/ vert into a liquefied natural
PAqe- *6q
gas plant, Romero said they woulcl
Located in Pililia, Rizal, also be putling up a couple
the Malaya TPP consists of of power plants in Mindanao,
a 300-MW unit with a once- including one that would sur-
tlirough type boiler and a prise a lot in the power sector.
350-MW Lrnit fittccl with a "l'here's a big, big sur-
conventional boiler. plisc ncxl year'. lt will be the
{irst of its kind. This is in Mindanao,,,
he said.
Thc Romoro f.rmily, through F&S
..
lloldings. recerrtly bouglrl out tie only
ullrcr rc rn,r in ing Filipino.hareholdei
irr budgct carricr 4irA.ia philippine<,
rajsing its total stake in the company to
60 percent.
Aside from Air:Asia, Romero is also
in the port. bl,rinns- tlrrorlgh the Glo-
It.tl po rl o00 C ror
1'. tlro cou n I rv.r b iggcs I
r

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company Snltan 900, and Manila Nortfr
Harbour I,or.t Inc.