April 17, 2013 10:49 pm 

President Benigno S. Aquino III witnesses the Ceremonial Signing of Land Lease Agreement between PHIVIDEC Industrial Authority (PIA) administrator and vice chairman of the board Leo Tereso Magno and FDC Misamis Power Corporation, represented by FDC Utilities, Inc. (FDCUI) president and managing director Jesus Alcordo, at the President’s Hall, Malacañan Palace on Wednesday (April 17, 2013). The land is being leased for construction of a circulating fluidized bed (CFB) coal-fired power plant is expected to generate an initial 270-megawatts and targeted to operate early 2016. In photo are Defense Secretary Voltaire Gazmin, Energy Secretary Carlos Jericho Petilla, Filinvest Land, Inc. (FLI) first vice president and general counsel / corporate secretary and corporate compliance officer Atty. Pablito Perez, FLI first vice president Engr. Antonio Cenon, Filinvest Development Corporation (FDC) chairman Jonathan Gotianun, Villanueva, Misamis Oriental Mayor Juliette Uy, PIA chairman of the board B/Gen. Triunfo Agustin (Ret.), PIA corporate secretary Atty. Raul Ragandang and Poblacion Barangay Captain Leah Dagasuhan. (Photo by: Rey Baniquet / Malacañang Photo Bureau / PCOO).


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