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Luzon Hydro Corporation receives a Notice of Occurrence of Default from National Power Corporation

Luzon Hydro Corporation (LHC), the operator and manager of the 70 MW Bakun AC hydroelectric power plant (the "Bakun Plant”), informed Aboitiz Power Corporation that it received a Notice of Occurrence of Default from the National Power Corporation (NPC) in relation to the delay in the completion of the tunnel lining repair of Bakun Plant which has caused the prolonged downtime of LHC.
LHC is currently endeavoring to address and discuss the issue with NPC in order to mitigate the effects of Bakun Plant’s prolonged downtime.

As previously disclosed, LHC expects the repairs to be completed by October of this year and will immediately resume operations thereafter.
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"Luzon Hydro Corporation receives a Notice of Occurrence of Default from National Power Corporation" was written by Mary under the Business category. It has been read 1561 times and generated 0 comments. The article was created on and updated on 03 September 2012.
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