A South Korean firm is looking to put up a 1,000 megawatt (MW) power plant in Sual, Pangasinan to boost supply in the Luzon grid.
Sual Mayor Roberto Arcinue said that the Korean firm is ready to invest $2 billion into the project.
“Our population is growing and we need an additional power plant to serve the people of Luzon, North Luzon and Metro Manila,” Arcinue told the Business Mirror.
The planned power plant already has the support of the Sangguniang Panlalawigan after an endorsement in a referendum by the majority of the townsfolk.
Sual, Pangasinan is already home to Team Energy’s 1,200 MW Sual power station which is the country’s biggest coal-fired power plant.
The Sual mayor said that the second power plant will provide hundreds of jobs and millions of extra revenues, as well as a stable power supply that is conducive progress and sustainable growth.
“With stable and cheaper electricity we will be able to invite more investors to put up projects and business ventures in Sual and anywhere else in Pangasinan that would mean more jobs and income for our people,” Arcinue said.
The mayor added the proposed power plant will transform the Sual municipality into an “Energy City.”