Hyundai Vice President Chong Hyun Ha, EDC President & COO Richard Tantoco, Galing Power Chairman Yoon Ho Chung (Courtesy EDC) |
The Lopez-led firm signed an engineering and design contract with Hyundai Engineering and a construction services contract with HEC affiliate Galing Power & Energy Construction Co. Inc.
HEC is an international engineering, procurement and construction contractor based in South Korea.
The Bac-Man 3 geothermal power plant is located in Barangays Capuy, Bucalbucan, Rizal and Bulabog, Sorsogon City, Sorsogon Province.
The project has an estimated project cost of P7.6 billion and is targeted to be completed and operational by the last quarter of 2017.
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