MRC Allied, Inc. may choose to participate only in the power plant component of the liquefied natural gas (LNG) facility it is studying to build, 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, the company is open to join the “entire chain,” she said, enumerating this to 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 feasiblity — checking the place, looking at the costing, the suppliers, so medyo it’s something that needs to be studied for a long period of time,” she said.
She declined to disclose numbers for the power plant capacity because of a non-disclosure agreement that the company signed with its Chinese partner. She also declined to mention the project’s location.
“Hypothetically if I’m going to say yes, probably somewhere in Luzon because [of] logistics — kasi currently meron kami Luzon (because we have presence in Luzon),” she said. — Victor Saulon

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