LINGAYEN – Governor Amado Espino III confirmed that the Kampac Group, a Dubai-based oil and gas company, has already firmed its proposal to pursue and build its planned Energy City in Sual town.
The project was one of the developments the governor reported in his First 100 Days report before the Sangguniang Panlalawigan.
Espino said the Kampac Group already formalized its proposal to build a world class refinery and petrochemical complex with a first class commercial port and ultra-modern city to the provincial government last September 19.
“The company plans to invest a multi-billion-dollar capital for the said project,” Espino said that once it materializes, the project may yet be the single biggest foreign investment in the country of the decade.
The project, he said, will provide immense economic benefits and employment opportunities to the province.
The Kampac Group, formed in 1988 in Dubai, United Arab Emirates, is a major multi-national company engaged in oil and gas exploration, oil trading, oil infrastructure development, environmental and oil services.
Kampac’s Chairman Charles Ampofo earlier sought the permission of the provincial government and the provincial board to use the Eco-Tourism Zone in Lingayen as the contractor’s settlement and workshop sites.
The request was granted by the Sangguniang Panlalawigan by passing the resolution authorizing Espino to enter into and sign the contract permitting the use of the eco-tourism zone as contractor’s village.
The Energy City project, which will also include world class hospital, modern railway that will connect Sual to Metro-Manila, 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. (With report from PIA-Pangasinan)