Marubeni eyes renewable energy, IPP investments in RP

Marubeni Corporation plans to invest more in the Philippines through renewable energy projects and privatisation of assets.

Masumi Kakinoki, Marubeni Corporation's senior operating officer for the Power Projects and Infrastructure Division, stated that as an environment-conscious company, investments in renewable energy projects will help them in their drive to promote a cleaner environment.

However, Kakinoki clarified that they are currently studying the kind of renewable projects they will venture into.

He added that plans to participate in the bidding for the management of National Power Corp.'s independent power producer contracts are also under consideration.