“The proponents are giving us opportunity to take extra investments of maybe up to 10 percent. But we have not made a decision,” he said.
He said their parent firm, PNOC, would have to decide on the matter, with funding among the considerations.
AG&P is a company that provides fabrication and assembly, modularization and asset management services to the oil and gas, power and mining sectors.
Based on its plan, the company will start testing and commissioning the first unit in 2016, with an output of 1,200 MW and the second unit in 2018.
“AG&P has made major financial commitments to the development of the new power plant project at Bataan, which includes expert third parties to provide… market data for electricity… technical feasibility and initial design studies for the project development… [and] market study on LNG supplies,” according to data from the Department of Energy.
AG&P is also in talks with another company for an integrated LNG facility at the industrial park.