Energy City to rise in Pangasinan

Kampac Group, a Dubai-based oil and gas company will invest in Pangasinan by putting up an Energy City project in Sual town due to its strategic location along the Lin­gayen Gulf.

Pangasinan Governor Amado Espino III has announced this before the mem­bers of the Sangguniang Panlalawigan.

The Kampac Group has formally pre­sented to the provincial government its proposal to build a world class refinery and petrochemical complex with a first class commercial port and ultra-modern city.

The project, which will greatly pro­vide more economic and employment op­portunities in the province, is capable of producing one million barrels of oil a day.

The Kampac Group, which was formed in 1988 in Dubai, United Arab Emirates, is an international company that is engaged in oil and gas exploration, oil trading, oil infrastructure development, environmental and oil services.

“The company plans to invest a multi-billion dollar capital for the said project,” said Espino adding that once it materialized, the project will be the single biggest foreign investment in the country for a long time.

Espino added that prior to process of the project development, the Kampac Group, through its Chairman Charles Ampofo, sought the permission of the provincial government and the provin­cial board to use the Eco-Tourism Zone in this town as the contractor’s settlement and workshop sites.

Recently, members of the Sangguni­ang Panlalawigan passed a resolution sig­nifying their conformity and authorizing Espino to enter into and sign the neces­sary contract or agreement on the use of the eco-tourism zone as contractor’s vil­lage.

The Energy City project, which will also include world class hospital, modern railway and an international airport that can accommodate more than 20 million passengers in the next 15 years, was al­ready endorsed by the provincial board to the municipality of Sual through an ap­proved resolution.

“Kung maisasakatuparan itong En­ergy City magiging malaki at positibo ang epekto nito sa ating probinsya at sa ating mga kakababayan pagdating sa revenues, trabaho, livelihood at iba pang bene­pisyong pang-ekonomiya,” said Espino.