BCDA taps Korean firm for New Clark smart power grids

MANILA, Philippines – State-run Bases Conversion and Development Authority (BCDA) has tapped another South Korean utility firm to help build New Clark City’s power infrastructure as it prepares for more investments under the Luzon Economic Corridor.

Under a memorandum of understanding signed on July 8, BCDA and state-owned Korea Electric Power Corp. (Kepco) agreed to jointly study, design and develop smart energy systems for the emerging metropolis.

READ: BCDA, Saudi firm ink deal for 500-MW solar park

Article continues after this advertisement

The partnership will initially cover technical and commercial feasibility studies and data sharing before the parties move to detailed project agreements.

FEATURED STORIES

BUSINESS

BUSINESS

BUSINESS

The two sides will explore smart energy management systems, smart grids, and renewable energy and microgrid technologies, including solar photovoltaic systems, fuel cells and energy storage systems. BCDA said the project aims to provide reliable, low-carbon power for industries such as advanced manufacturing, digital services and artificial intelligence.

BCDA president and CEO Joshua Bingcang said the agency wants to integrate advanced energy infrastructure into the city’s development from the outset rather than retrofit systems as demand grows.

“As New Clark City continues to attract investments and jobs, our infrastructure must keep pace with the needs of future industries,” Bingcang said. “This gives investors greater confidence that New Clark City can support the industries of tomorrow.”

The deal expands BCDA’s partnership with South Korean firms in New Clark City.

Article continues after this advertisement

READ: Pax Silica’s mammoth power needs draw Maharlika, foreign interest

Earlier, Bingcang said BCDA was preparing a joint venture with Maynilad Water Services Inc. and Korea Water Resources Corp. (K-Water) to develop and operate the city’s water and wastewater systems.

Article continues after this advertisement

The proposed 50-year, P15-billion project will increase water supply capacity to about 150 million liters per day from the current 20 million to 30 million liters. /pai INQ

Your subscription could not be saved. Please try again.

Your subscription has been successful.