DOE issues notice-to-proceed for US firm’s FSRU project 0 SHARES Share it! Share TweetBy Myrna M. VelascoThe Department of Energy (DOE) has finally approved the notice-to-proceed (NTP) for the propounded floating storage regasification unit (FSRU) of American firm Excelerate Energy L.P., which will likely command an investment of US$250 million. Based on the submitted work program of the Texas-headquartered company, the construction of the FSRU facility will start October this year until June 2021 or within a stretch of two years. The site of the FSRU installation will be proximate to the existing 1,200MW Ilijan gas-fired power plant in Batangas. Once that is accomplished, the DOE shall subsequently issue the permit-to-construct (PTC) that will then authorize the actual construction of the facility.

Source: Manila Bulletin September 28, 2019 13:52 UTC