Deals & Dealmakers - 3rd March 09

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    clpstaff &clp articles

    State Grid Corporation of China in the Philippines; DBS onshore China fund

    Chinese state power company to run Philippines' network
    The State Grid Corporation of China (SGCC) has bid successfully, as part of a consortium with two Philippine companies, for a 25-year concession to operate, maintain and expand the Philippines national transmission system and electricity grid.

    The consortium won the concession for US$3.95 billion, making this the biggest investment by a Chinese company in the Philippines.

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