Aboitiz Power says Bakun plant repairs to be finished by October

ABS-CBN News

Posted at May 25 2012 05:45 PM | Updated as of May 26 2012 01:47 AM

MANILA, Philippines - Repairs on the 70 MW Bakun hydro facility in Ilocos Sur is taking longer than expected, according to its operator and manager Luzon Hydro Corp. (LHC).

In a disclosure to the stock exchange, Aboitiz Power Corp. said LHC, its wholly owned subsidiary, expects the tunnel lining repair at the Bakun plant to be completed by October. After the repairs are finished, LHC will resume operations of the Bakun plant immediately.

Earlier, LHC said the repairs would be completed by June.

Aboitiz Power is the holding company for the Aboitiz Group's investments in power generation, distribution, retail and other power services.