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FOUR
energy companies are eyeing to list their shares at the
Philippine Stock Exchange in the near term, former
energy chief Vincent S. Perez said in an interview.
At the
sidelines of the Power Industry Forum organized by
listed online broker CitisecOnline, Perez said the
companies that are interested to go public are Northwind
Power Development Co., bioethanol producer San Carlos
Bioenergy, PNOC-Alternative Fuels Corp. and Enerfuse
Holdings.
. “These
are companies engage in renewable energy,” said Perez
who is also chairman of energy advisory firm Merritt
Partners. “The market for such energy is booming and
they would need capital to support their future
investments in the sector.”
He did
not specify a timetable for the planned IPOs, noting
that everything is still quite preliminary.
Renewable energy such as geothermal, wind, hydro and
biomass accounted for nearly half the country’s total
energy requirements in 2005.
Under
the department’s renewable energy policy framework is a
plan to double renewable energy-based capacity percent
by 2013.
At least
14 companies are expected to ride on the prevailing
bullishness in the equities market by going public from
this year to 2010, according to Astro del Castillo,
director of the Association of Securities Analysts of
the Philippines.
Del
Castillo said some of these companies eyeing to go
public are Anchor Land Holdings Inc. and Pacific Online
Systems Corp. |