By | Jan. 06, 2014 at 12:01am
Several companies including Aboitiz Power Corp. and Korea Electric Power Corp., have expressed interest to put up power projects inside the industrial estate operated by PNOC Alternative Fuels Corp. in Bataan.
PNOC Alternative Fuels said in a report it conducted meetings and discussions with interested investors looking to lease 40 hectares for a power plant with an undisclosed capacity.
The industrial park, located in Mariveles and Limay, covers an area of around 530 hectares.
President Benigno Aquino III signed Republic Act No. 10516 on April 17, 2013 to maximize the economic use of the industrial park. The law amended P.D. No. 949, which designated the industrial park solely for petrochemical and petrochemical-related industries. The new law expanded the use of the industrial park for businesses engaged in energy and related infrastructure projects and other economic activities.
Several companies have expressed strong interest in locating at the industrial park, including Kepco and Hanjin Heavy Industries and Construction Ltd., which plans to develop 40 hectares for a 200-megawatt coal power plant.
The report said Archinet International Inc. is keen to build a liquefied natural gas terminal and a combined-cycle power plant on a 35-hectare lot, while Lotte Engineering of Korea is interested in leasing 50 hectares for an LNG terminal and power plant.
The company earlier signed a supplemental interim lease agreement with Atlantic, Gulf and Pacific Co. of Manila Inc. for the use of the land at the industrial estate for a 2,400-megawatt integrated LNG facility.
“We have what we call a supplement interim lease agreement. Basically that’s a guarantee of exclusivity... As indicated, [the project] will push through,” PNOC Alternative Fuels president Dante Canlas said earlier.
Canlas said AG&P had completed a feasibilility study for the project and was proceeding with it after receiving a certificate of conformance. source
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