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Meralco PowerGen Corp. is still keen on developing Atimonan One Energy Inc. into a gas-fired power plant despite signing an agreement to acquire interest in Chromite Gas Holdings that will pave the way for its investment in a combined 2,500-megawatt liquefied natural gas assets.
MGen president Jaime Azurin said A1E is proceeding with the LNG permit applications, “unless the government withdraws the coal moratorium.” A1E previously proposed a 1,200-MW ultra-supercritical coal-fired power plant of high efficiency-low emission in the project site which did not push through due to lack of a power supply agreement and opposition from environmentalist groups.
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