Sunday, September 30, 2007 (Philippines)

Former Department of Trade and Industry secretary Tomas Alcantara speaks before participants to the 16th Mindanao Business Conference in General Santos City, where he announced the Alcantara Group of Companies' plan to build a $350M coal-fired power station in Sarangani province.(Sun.Star General Santos) THE Alcantara Group of Companies is going to build a $350 million coal-fired power plant somewhere in the towns of Kiamba and Maitum in the Province of Sarangani making the Socsksargen area a new investment haven, a company official said Saturday. Once the ambitious project pushes through, it would be the single biggest locally-initiated investment undertaking in the area during the last ten years. And by far the boldest in memory. Join forum on Sandiganbayan's guilty verdict on Estrada plunder case. Post comments here. [full story]