As published on BusinessworldOnline
MRC Allied, Inc. may choose to participate only in the power plant component of the liquefied natural gas (LNG) facility that it is studying to build with a foreign partner, its top official said.
“We are given an option to just be part of the [power] generation,” Gladys N. Nalda, MRC Allied president and chief executive officer, told reporters after the company’s annual stockholders meeting on Monday.
However, she said the company remains open to joining the “entire chain,” which would include an import terminal, regasifying facility, power generation and a distribution pipeline.
“The capacity is big and the partner is big so we are looking into the feasibility — checking the place, looking at the costing, the suppliers… It’s something that needs to be studied for a long period of time,” Ms. Nalda said.
She declined to disclose the target capacity and location of the power plant because of a non-disclosure agreement that the company signed with its Chinese partner.
“Hypothetically, if I’m going to say yes, probably somewhere in Luzon because of logistics — kasicurrently meron kami Luzon (because we currently have presence in Luzon),” the company official sai