Oriental Peninsula to set up power plants in the Philippines

Oriental Peninsula Resources Group has unveiled plans to invest $300m to build coal-fired power plants in Manila, the Philippines.

The power plants are expected to have a generating capacity between 50MW and 60MW.

The plants will be built over the next four to five years, according to the company.

Oriental Peninsula will also partner with a China-based company to build a ferronickel plant to process the nickel ore, reports the Manila Standard.