News Update POWER PLANT AUCTION SET LUCENA CITY

Philippines - The provincial treasurer of Quezon has issued the final notice of public auction sale of delinquent real property tax against Team Energy Corp., one of the country's biggest independent power producers (IPPs) which supplies 15 percent of power to the Luzon grid, because of their unpaid real property tax amounting to almost P6 billion. The power plant is situated in Barangay Ibabang Polo in Pagbilao, Quezon. The auction date was set for Feb. 9 at the provincial capitol building at 9 a.m. (Danny Estacio)