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Meralco PowerGen (MGen), the power generation subsidiary of Manila Electric Co. (Meralco), will raise its stake in Global Business Power Corp. (GBPC) of the Metrobank Group to 22 percent from the current 20 percent, Meralco president Oscar Reyes said.

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                    [Title] => Ty power firm shelves IPO plan this year
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                    [Title] => Global Business Power subsidiary invests P10B to expand Cebu plant
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A subsidiary of Global Business Power Corp. (GBPC) of banking tycoon George S.K. Ty is investing more than P10 billion to expand its coal-fired power plant in Cebu.

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Banking tycoon George S.K. Ty’s GT Capital Holdings Inc. has increased  its direct holdings in power generation unit Global Business Power Corp.  (GBPC) to 51 percent through the acquisition of P2.32 billion worth of  shares.
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                    [Title] => GT Capital hikes stake in Global Business Power
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Global Business Power Corp. (GBPC), the power generation arm of the Metrobank group, is setting aside $600 million this year to complete its power plant projects, a top company executive said.
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abtest

GBPC mulls first Luzon power project

September 29, 2015 - 10:00am

Global Business Power Corp. (GBPC), the power generation company of banking tycoon George Ty, is preparing to expand outside Visayas with its first power venture in Luzon in 2016.

Business

Meralco unit raises stake in Global Business Power

By Iris Gonzales | May 28, 2014 - 12:00am

Meralco PowerGen (MGen), the power generation subsidiary of Manila Electric Co. (Meralco), will raise its stake in Global Business Power Corp. (GBPC) of the Metrobank Group to 22 percent from the current 20 percent,...

Business

Global Business Power ready for further expansion

By Neil Jerome Morales | October 14, 2013 - 12:00am

The power generation arm of conglomerate GT Capital Holdings Inc. is ready for more expansion projects, with the potential to venture into Luzon for the first time.

Business

Japan’s Orix Corp acquires 20% stake in Global Business Power

By Donnabelle L. Gatdula | June 28, 2013 - 12:00am

First Metro Investment Corp. (FMIC) the investment unit of Metropolitan Bank & Trust Co. (Metrobank), has firmed up the sale of 200 million shares of Global Business Power Corp. (GBPC) to Orix Corp. of Japan...

Business

Ty power firm shelves IPO plan this year

By Neil Jerome Morales | June 17, 2013 - 12:00am

The power generation arm of conglomerate GT Capital Holdings Inc. is temporarily shelving its plans for an initial public offering (IPO) this year.

Business

P30-B coal plant to rise in M’danao

By Neil Jerome C. Morales | May 15, 2013 - 12:00am

The power generation arm of GT Capital Holdings Inc. is jumpstarting its partnership with Manila Electric Co. (Meralco) through a P30-billion investment for a coal-fired power plant.

Business

Global Business Power subsidiary invests P10B to expand Cebu plant

By Neil Jerome C. Morales | November 13, 2012 - 12:00am

A subsidiary of Global Business Power Corp. (GBPC) of banking tycoon George S.K. Ty is investing more than P10 billion to expand its coal-fired power plant in Cebu.

Business

Global pursues Visayas coal project

By Neil Jerome C. Morales | October 3, 2012 - 12:00am

Global Business Power Corp. (GBPC) of the Metrobank Group will push through with the third phase of a coal project in Western Visayas.

Business

GT Capital hikes stake in Global Business Power

By Zinnia B. Dela Peña | September 13, 2012 - 12:00am

Banking tycoon George S.K. Ty’s GT Capital Holdings Inc. has increased its direct holdings in power generation unit Global Business Power Corp. (GBPC) to 51 percent through the acquisition of P2.32 billion...

Business

Metrobank's power unit allots $600 million for Iloilo, Cebu projects

By Donnabelle L. Gatdula | January 7, 2010 - 12:00am

Global Business Power Corp. (GBPC), the power generation arm of the Metrobank group, is setting aside $600 million this year to complete its power plant projects, a top company executive said.

Business