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Even before the Aboitizes came, CBK was the focus of what was potentially the most fiercely contested infrastructure project in modern Philippine history
Few infrastructure projects in Philippine history have spawned so much political heat, corporate intrigue, media warfare, and legal bloodletting as the Caliraya-Botocan-Kalayaan hydroelectric (CBK) complex.
Today, the headlines belong to the Aboitiz Group after its Thunder Consortium stunned the market with a P36.27-billion winning bid for the CBK complex, defeating the Lopez-led First Gen consortium and securing control of one of the country’s most strategically important energy assets.
Beneath that lies a forgotten corporate war so vicious that it consumed presidents, conglomerates, diplomats, newspapers, and some of the most powerful political networks of its time.
