MACTAN Island will soon be home to Cebu’s largest power plant after San Miguel Corp. (SMC) has announced plans to invest in a liquefied natural gas (LNG)-fired plant in Lapu-Lapu, Mayor Junard Chan said Thursday.
“I am very grateful for another victory that our city will soon get as the San Miguel Corp. has meant investing in one of the largest power plants here in Cebu using LNG or liquefied natural gas,” said Chan in a statement posted on his social network. media account.
He said SMC will invest 60 billion pula in building the 600 megawatt power plant.
Chan did not mention where the power plant will be built in Lapu-Lapu city, but he released a proposed site development plan for the plant.
According to the E-Connect Energy website, the transformation of gas into electricity is made possible through the thermodynamic process of converting the chemical energy stored in natural gas into thermal energy through the intermediary of mechanical energy into electrical energy.
Chan said SMC’s entry into the power sector in Lapu-Lapu city, where it plans to invest in its first-ever LNG-powered power plant, should also help solve the problems. of electricity supply, which are not only experienced in Mactan. Island but the whole province of Cebu.
Chan said it would give jobs to the people of Mactan Island.
“The Oponganons will no longer experience electricity problems, including in neighboring towns,” he said.
The Oponganons refer to the inhabitants of the island of Mactan.
Chan said the city government’s efforts to attract investors are paying off now that SMC, the country’s largest and most diverse conglomerate, has expressed interest in investing in a business venture in the city.
“It just means that our current administration is very close to investors or big investors because they have great confidence in our management and take care of the Oponganon people,” he said.
Chan said more big businessmen informed him of their intention to invest and contribute to the economic growth of Lapu-Lapu town.
