Korean firm eyes P106.5-B power plant project | Inquirer Business

Korean firm eyes P106.5-B power plant project

Another South Korean firm is gearing up for a big-ticket power infrastructure package for the Philippines, this time a proposed 1,200-megawatt coal-fired generator complex tagged at 2.2 trillion won or about P106.5 billon.

SK Engineering & Construction Co. Ltd. on June 15 said it had signed a letter of intent to build the “high-efficiency, eco-friendly” thermal power plant.

The LOI was presented ceremonially to Philippine officials including President Duterte and Energy Secretary Alfonso Cusi during their visit to Seoul earlier this month.

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The company said the project would involve two 600-MW power plants that will be built in Luzon.

“We will build an eco-friendly coal-fired power plant using domestic (South Korean) funds in the Philippines to resolve the power shortage and contribute to job creation,” SK E&C president Ahn Jae-hyun said.

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TAGS: power infrastructure, South Korean firm

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