AG&P nears plan to build Bataan plant

MANILA, Philippines - Atlantic, Gulf and Pacific Co. (AG&P) an industrial process outsourcing company, has moved a step closer in its plan to build a 2,400-megawatt power plant in Mariveles, Bataan.

This after AG&P and Philippine National Oil Co.-Alternative Fuels Corp. (PNOC-AFC) signed an agreement for the lease of the latter’s industrial lot.

“We have what we call a supplement interim lease agreement,” PNOC-AFC president Dante Canlas told reporters on the sidelines of the LNG Supply Transport & Storage Philippines 2013 Forum held yesterday.

Under the plan, AG&P will lease some 250 hectares of land in PNOC-AFC’s industrial estate in Bataan. Canlas said AG&P has given PNOC-AFC the option to take a10 percent equity in the project.

“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.

PNOC-AFC’s 530-hectare industrial park is located in Mariveles and Limay and is near major ports such as the Subic Bay Freeport and the Clark economic zone.

AG&P is also in talks with another company for an integrated LNG facility at the industrial park.