Sunday, May 26, 2019

Guagua mayor brings home P2.5-B Korean investment prospects

GUAGUA Mayor Dante Torres has brought home potential projects for Guagua town from South Korea.

Torres said a composite of various projects may bring in some P2.5 billion investments into Guagua. The visit last week was made possible through Economic Representative (Economic Deputy Mayor) Kim Su Eon.

Torres told Sun.Star Pampanga that the projects include a biomass facility, solar energy plant and tilapia processing facility.

Recently, the local government unit (LGU) signed a memorandum of understanding (MOU) with Pampanga II Electric Cooperative and Lex Phil International Corporation for the establishment of a solar power generation plant in Guagua, which had made the participation of the Korean enterprise in this project more certain.

The Municipality of Guagua is planning to establish a 50-megawatt (MW) solar power plant and a biomass power plant. Regarding these plans, Torres and Kim were in Korea on February 11 to attract more investments.

Also discussed during the mayor’s visit were the prospects for hiring of seasonal workers, importation of Korean daily necessities and industrial products, exportation of local specialty products, and participation on a government leading project.

Torres said that their Korean counterparts are looking at hiring some 500 farmers for seasonal work in South Korea.


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