BALANGA CITY, Bataan – A joint Japanese–Korean firm is evaluating for a suitable site for the proposed construction of a 600-megawatt thermal power plant worth $1 billion in the province which would provide job opportunities and sustainable development of premier investment hubs in Central Luzon.
Bataan Governor Albert Raymond S. Garcia explained that the top officials of Hanjo Group Manufacturing Incorporation (HJGMI) led by Chris S. Takayama, chief finance officer of Hanjo Group, have expressed interest to invest in the historic peninsula during the signing of the Memorandum of Understanding (MOU) held on Thursday (March 7) at the Bulwagan ng Bayan inside the Provincial Capitol building here.
The Group is planning to start the project in Bataan after the corporate management staff has completed the project feasibility study which would provide more notable advantages to foreign investors regarding public-private partnership incentives and other governing rules under the protective environmental measures .
Chris Takayama, said through an interpreter that the company is optimistic about the productive outcome of the thermal plant project with the expanding investment inflows in different economic zones and industrial estates, its strategic location within the vicinity of the three largest economic zones in Central Luzon.
Mr. Takayama added the construction phase of the project alone, would require 20,000 local technical and construction workers and about 500 to 600 engineers when it becomes operational to serve the power needs of the manufacturing and commercial establishments in Bataan peninsula and other nearby provinces.
Mr.Takayama is also aware of the nation’s growing power requirements within five years which had been described by energy experts as “critical.” He said that Bataan has several energy generating plants to cope with the possible crisis..
However, the chief finance officer has declined to identify the possible site unless the management staff has completed the rigorous research works and other detailed plans and program of the project.
Technical men have preferred the location of the proposed thermal plant near the coastal areas which are accessible to sea-lanes courses and for ecosystem advantage.
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