Nuclear plant site eyed as investment area
SUBIC BAY FREEPORT — The Subic Bay Metropolitan Authority (SBMA) is considering to develop the Bataan Nuclear Power Plant (BNPP) area in Morong, Bataan into an investment site.
Noting the shortage of land in this premier Freeport, SBMA Administrator Armand Arreza said that the Subic authority is now studying the course of action that has to be taken to develop the power plant area.
He said the completion of the SubicClark-Tarlac Expressway (SCTEx) project and the start of the Luzon Urban Beltway (LUB) project are expected to draw more investors to Central Luzon.
The 300-hectare BNPP area is situated in the 3.57-square-kilometer government reservation in Napot Point, Morong.
An amount of some .3 billion was used for the construction of the nuclear power plant during the period from 1976 to 1984. The Westinghouse light-water reactor was envisioned to produce some 620 megawatts of electricity.
The construction was stopped in 1979 after a safety inquiry into the plant revealed some 4,000 defects in its construction.One problem found was that the plant was built near major fault lines and that the area was near Mt. Pinatubo.
Arreza said that the area is suitable for tourism development.
"SBMA is currently in need of additional land mass due to the influx of investments in the Subic Bay Freeport. We have already tapped areas such as the Redondo Peninsula in Subic town as site for the billion-dollar shipbuilding facility of Hanjin," Arreza said.
"The spillover effect being felt by SBMA is beneficial not only to the area, but also to the economy of our country," Arreza said.
(Jonas Reyes)
Noting the shortage of land in this premier Freeport, SBMA Administrator Armand Arreza said that the Subic authority is now studying the course of action that has to be taken to develop the power plant area.
He said the completion of the SubicClark-Tarlac Expressway (SCTEx) project and the start of the Luzon Urban Beltway (LUB) project are expected to draw more investors to Central Luzon.
The 300-hectare BNPP area is situated in the 3.57-square-kilometer government reservation in Napot Point, Morong.
An amount of some .3 billion was used for the construction of the nuclear power plant during the period from 1976 to 1984. The Westinghouse light-water reactor was envisioned to produce some 620 megawatts of electricity.
The construction was stopped in 1979 after a safety inquiry into the plant revealed some 4,000 defects in its construction.One problem found was that the plant was built near major fault lines and that the area was near Mt. Pinatubo.
Arreza said that the area is suitable for tourism development.
"SBMA is currently in need of additional land mass due to the influx of investments in the Subic Bay Freeport. We have already tapped areas such as the Redondo Peninsula in Subic town as site for the billion-dollar shipbuilding facility of Hanjin," Arreza said.
"The spillover effect being felt by SBMA is beneficial not only to the area, but also to the economy of our country," Arreza said.
(Jonas Reyes)
posted by Olongapo Subic at
11:57 AM
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