By Alena Mae S. Flores | Posted on August 23, 2012 | 12:01am
Hanjin Heavy Industries and Construction Ltd.-Philippines Inc., a Korean shipbuilder that operates in Subic Bay Freeport, will sell excess power to the Luzon grid from its planned power plant, a government official said.
“Hanjin plans to put up their own power plant. They will [also] sell to the grid,” Energy Undersecretary Josefina Asirit said.
Asirit said there were initial talks on the capacity of the power plant, but the actual design would depend on Hanjin’s expansion plans. It was reported earlier that Hanjin would build a 200-megawatt coal-fired power project.
Hanjin invested about $1.6 billion for its shipyard at the Subic Bay Freeport in 2010.
“It has something to do with the expansion of their business. They are a power-intensive business,” Asirit said.
Asirit said the Energy Department was informed of the project, although there were no specific details yet such as technology and project site.
“Hanjin is in Subic but the plant does not necessarily have to be in Subic, although certainly it would be better if it is located in the area,” she said.
Meanwhile, National Grid Corp. of the Philippines plans to acquire the transmission asset of National Transmission Corp. dedicated to Hanjin. source
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