BALANGA CITY, Bataan – Governor Albert Raymond S. Garcia has articulated his optimism with the proposed plan of the government and private sectors to construct a $ 2.4 billion liquefied natural gas plant and storage terminal in the coastal village of Lamao, Limay, this province.
According to Governor Garcia, the proposed 500 hectare facility would serve as the site of 1,600 Megawatt (MW) plant powered by liquefied natural gas (LNG) which is 50 percent cleaner than the fossil-type plant.
He appreciated the plan of the Philippine National Oil Company (PNOC) who reportedly owns the projected location near the Petron Refinery and multi-national investment firms of initiating clean technology emission power generation plant to come out with the cleanest and most environmentally-friendly peninsula.
He said the integrated facility includes LNG import and storage terminal, power generation facility, co-located industrial operations and a countrywide natural gas distribution network.
With the latest development, the Governor expects more industrial firms may relocate or expand their operations near the new facility which would create more job opportunities and better quality of life for the residents.
Small and medium entrepreneurs are starting to calculate and make necessary arrangements for the establishment of restaurants, housing facilities and other profitable revenue-income trading businesses near the locality.
