Latest Stories

Kepco to push through with 200-MW power project


Korea Electric Power Corp. (Kepco), an energy firm owned by the South Korean government, is pushing through with its plan to build a 200-megawatt coal-fired power plant that will supply the electricity requirements of a Korean shipbuilder operating in Subic Bay Freeport.

“Pursuant to the memorandum of understanding signed between the governments of the Philippines and Korea, Kepco is still interested in putting up a power plant with Hanjin in the Philippines,” said Kepco president Kyu-Beng Hwang on the sidelines of the Energy Investment Forum 2012 on Thursday. The project site, however, has yet to be determined, he added.

Hwang was referring to the MOU signed by former Energy Secretary Jose Rene D. Almendras and South Korea Minister of Knowledge Economy Hong Suk Woo during South Korean President Lee Myung Bak’s three-day state visit to the country in 2011.

The MOU stipulated that the coal-fed facility would be put up within the Subic ecozone to serve the electricity requirements of Hanjin Heavy Industries and Construction Ltd.-Philippines Inc., reportedly the biggest locator in the said free port.

However, Kepco is apparently planning to change the location of its proposed coal facility. It was not clear whether the difficulties being faced by another power firm, Redondo Peninsula Energy Inc., in pushing forward its planned 600-MW coal-fed plant within the Subic Freeport had something to do with what could be a change in the project site of the Kepco project.

It should be recalled that when the MOU was made public in November 2011, an Inquirer report cited former Olongapo Mayor James Gordon Jr. as saying that the proposed facility of Kepco must “fulfill and satisfy the social acceptability requirements of an environmental compliance certificate (ECC)…There are valid and significant concerns involving health, environmental and economic issues that need to be addressed.”

Gordon had said the government “must not compromise the primordial interests of the people of Olongapo and Zambales and the investors who have committed their (money) in tourism-oriented businesses.”

In the meantime, Hwang also hinted on the possible expansion of Kepco’s power portfolio in Luzon and Visayas, where the company has existing power facilities.

Kepco won the international bidding for the rehabilitation, operation, maintenance and management (ROMM) for the 650-MW Malaya thermal power plant in Pililla, Rizal, back in May 1995. The Malaya plant, however, has already been turned over to the government.

It also won the bidding in October 1996 for the build-operate-transfer (BOT) contract for the 1,200-MW Ilijan combined-cycle natural gas power project.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Electricity Production , Energy , Korea , Korea Electric Power Corp. (Kepco) , Philippines , power plant project

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Henares on Pacquiao bashing: I did not start this
  • Drilon, Nancy Binay urge Filipinos to strengthen faith
  • ‘Yolanda’ toll now at 6,300 – NDRRMC
  • ‘Mom, I love you,’ says text from student on sinking ferry
  • Moderate earthquake jolts southern Iran
  • Sports

  • Power Pinays smash India in Asian Women’s Club volleyball opener
  • PH youth boxers off to stumbling start in AIBA World tilt
  • Durant has 42, Thunder beat Pistons 112-111
  • Walker leads Bobcats over Bulls in OT, 91-86
  • Man City slips further out of title contention
  • Lifestyle

  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • This is not just a farm
  • Clams and garlic, softshell crab risotto–not your usual seafood fare for Holy Week
  • Moist, extra-tender blueberry muffins
  • Entertainment

  • Will Arnett files for divorce from Amy Poehler
  • American rapper cuts own penis, jumps off building
  • Jay Z to bring Made in America music fest to LA
  • Why Lucky has not bought an engagement ring for Angel
  • Derek more private with new girlfriend
  • Business

  • Asia stocks fail to match Wall Street gains
  • Fired Yahoo exec gets $58M for 15 months of work
  • PH presses bid to keep rice import controls
  • PSEi continues to gain
  • Number of retrenched workers rose by 42% in ’13
  • Technology

  • Netizens seething in anger over Aquino ‘sacrifice’ message
  • Filipinos #PrayForSouthKorea
  • Taylor Swift tries video blogging, crashes into fan’s bridal shower
  • DOF: Tagaytay, QC best at handling funds
  • Smart phone apps and sites perfect for the Holy Week
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • Syria most dangerous country for journalists, PH 3rd—watchdog
  • Japan says visa-free entry still a plan
  • First Fil-Am elected to Sierra Madre, Calif. city council
  • UC Irvine cultural night to dramatize clash of values in immigrant family
  • Filipino sweets and info served at UC Berkeley Spring Fest
  • Marketplace