As published on ManilaStandard
MRC Allied Inc. said Friday it signed an agreement with China Energy Engineering Group Guangdong Power Engineering Co. LTD. to explore the possibility of building and operating liquefied natural gas projects in the Philippines.
MRC Allied and GPEC also recently signed an agreement on the possibility of developing renewable energy projects in the country.
GPEC is a foreign company based in Guangzhou, Guangdong engaged in the business of exploration, development and construction of energy projects. Under the agreement with MRC Allied, GPEC will conduct a due diligence for one year after the signing of the deal.
“The purpose of the due diligence is to allow GPEC to make a decision to pursue LNG projects with MRC,” the listed company said.
MRC Allied has signed an agreement with China Energy Engineering Corp. Ltd. on the possibility of developing LNG.
CEEC, a company incorporated in Beijing, China, is into exploration, development and construction of energy projects.
“This is likewise part of our aggressive effort to develop at least 1,000 MW of clean and renewable power in the next five years,” said MRC Allied President Gladys Nalda.