“We have already signed, recently, a memorandum of understanding with a Korean firm. I guess, Governor Abet Garcia is convinced with this company’s presentation that will solve our garbage problem not just here in my town but the whole province and nearby places as well,” Raymundo said.
The mayor added that the power plant will be built in a 20 hectare land and can generate at least 720 megawatt of electricity.
“This power plant will be built in a build-operate-transfer or BOT scheme. It will be our town’s property after 30 years,” Mayor Raymundo stated.
Raymundo also claimed that the fuel that will be derived from the daily garbage collected from the municipalities and one city here will be converted into a kind of fuel with the lowest carbon emission, much lower than a coal plant produces.
Korean Automation Co.Ltd., Doosan Heavy Industries and Hyundai are the Korean companies that will be involved in the construction of the project that is expected to pour in millions of additional budget for this town and the provincial coffer in terms of taxes and daily tipping fees during the operation.
Mayor Raymundo also confirmed that this power plant will also result to a much lower power rate in the province.
Raymundo concluded that this project will also boost employment generation in his municipality because he said it will hire at least 1,000 laborers in its construction period and 200 personnel will be needed in its full blast operation.