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GenOn Energy Holdings, [1] formerly Mirant Corporation, was a subsidiary of GenOn Energy, and is now a part of NRG Energy . The company was spun off from its former parent, Southern Company, on April 2, 2001. [2] The company was merged into GenOn Energy on 3 December 2010. [3] The company then became part of NRG Energy in December 2012.
Background. Development started when Consolidated Electric Power Asia Ltd, a subsidiary of Hopewell Holdings, bid and won a $900mn BOOT tender for a 1,000-MW power station at Sual. Site preparation began in 1995 and construction started in February 1996. It was made operational in 1999 and full power generation was commenced in 2007.
The Philippines largest coal power plant, the 1200 megawatt Sual Power Station, is located in this municipality. It used to be owned by Mirant Services LLC. Sual is one of the towns where the Spanish galleon brought their goods to trade. Sual is 25 kilometres (16 mi) from Lingayen and 231 kilometres (144 mi) from Manila.
On April 11, 2010, RRI Energy and Atlanta-based Mirant Corp. announced an agreement to merge in a $1.6 billion all-stock deal, which created one of the largest independent power plant operators in the country. The new company, named GenOn Energy, would be based in Houston but led by Mirant's Chairman and CEO Edward Muller until 2013. At that ...
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Situated at Isla Grande, the Pagbilao Power Station began operations in 1993. [1] The power station was originally developed by Consolidated Electric Power Asia Ltd (CEPA), a subsidiary of Hopewell Holdings, CEPA was acquired by Mirant Philippines and was acquired by TeaM Energy, a joint venture of Japanese firms TEPCO and Marubeni, in 2007. [2]
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