Coal-fired power plant in Cadiz seen-A A +A
Monday, October 21, 2013
LOCAL officials of Cadiz City, Negros Occidental are confident of the realization of the 200 megawatt (MW) coal-fired power plant in the city.
This, after President Benigno Aquino III got the commitment of Korean investors to bring in $1.7 billion in investments from Korean firms as a result of his state visit to South Korea.
Aquino said Kepco has pledged to put up two 150 MW power plants in Bataan and two 200 MW plants in Bislig, Surigao del Sur, and in Cadiz, Negros Occidental which is worth $700 million.
Mayor Patrick Escalante said the coal-fired power project located at the port area in Barangay Banquerohan is expected to start as soon as the Environmental Compliance Certificate will be issued by the Department of Environment and Natural Resources.
That's the only requirement that the Korean investors is waiting so that they can start the project, Escalante said.
Escalante added that this project for Cadiz City is worth P1.3 billion.
"We are looking forward to the realization of this project in Cadiz City", Escalante said adding that the project already got the endorsement of the City Council and the City Government after it went through a public hearing.
The negotiation in fact has been ongoing with Kepco and it's partner Asia Pacific Energy Resource Ventures, Inc. The site has been identified and the feasibility study was already done and submitted to the investors, Escalante added.
He pointed out that the project will answer the power requirement of the province as well as to generate jobs.
Published in the Sun.Star Bacolod newspaper on October 21, 2013.