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PNOC Exploration Corporation, a mining and oil company in the Philippines, announces that the Department of Energy (DOE) recently approved its request to extend its Coal Operating Contract (COC) 41 located in Malangas, Zamboanga Sibugay for another 18 years.
With this 18-year extension, COC-41 will be current up to August 13, 2030. This will give COCO 41 a 50-year contract term, which is allowable under the Philippine Constitution. The extension will allow PNOC EC to fully assess its potential and increase current coal production to supply the requirements for the proposed 100-MW coal-fired power plant scheduled to be put up by 2015. - https://www.affordablecebu.com/
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If you want to use this article or any of the content of this website, please credit our website (www.affordablecebu.com) and mention the source link (URL) of the content, images, videos or other media of our website.  "Department of Energy approves extension of Coal Operating Contract 41 of PNOC Exploration" was written by Mary under the Business category. It has been read 1203 times and generated 0 comments. The article was created on 06 August 2012 and updated on 06 August 2012. |
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