Belgium seen to boost power industry
The
The Philippine Embassy in
Suez-Tractebel SA, one of the world’s top independent power producers with operations in more than 100 countries in five continents, won the bid through its wholly owned subsidiary, Calaca Holdco Inc. (CHI), in an auction held last Oct. 16.
Philippine Ambassador to Belgium Cristina Ortega cited President Arroyo’s comprehensive economic program for sustainable development for the renewed investor confidence in the country.
Ortega said the success of this economic program shows clearly in the excellent performance of the Philippine stock market, stronger peso and the 7.5 percent GDP growth in the second quarter.
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