Philippine Star
Updated November 22, 2011 01:31 PM
SUBIC FREEPORT, Philippines – A South Korean firm is studying to build another coal fired power plant in Subic Bay Freeport that would cost about $450 million.
Kepco Philippines Corp planned to put up a 200 to 300 megawatts coal plant in Subic to supply electricity for ship building giant Hanjin Heavy Industries located in Redondo Peninsula here.
An official of the Subic Bay Metropolitan Authority who asked not to be named confirmed that they had received a request months ago for feasibility study for the said project.
The request however came from Hanjin and not from Kepco.
“They (Hanjin) did request for it and got an OK for a feasibility study for that, they requested permission to do an FS (feasibility study) on a coal power plant only for their shipbuilding needs” the official said.
“I doubt it is feasible to produce power for one locator only,” the official added.
Hanjin Heavy industry has a 100-hectare reserve land area near its facility for the project.
The Department of Energy Monday signed a Memorandum of Agreement with Korean Minister of Knowledge and Energy to start the feasibility study of Kepco for the project.
Aboitiz also planned to expand the 300 megawatt coal plant to 600 megawatts but has yet to secure an Environmental Compliance Certificate ECC. -- Anthony Bayarong
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