Difference between revisions of "Sorsogon Province, Philippines"

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==[[Sorsogon News]]==
==[[Sorsogon News]]==
'''Firms vie for 38 coal prospects'''
'''Joint venture of LGU Sorsogon City with LKY Dev’t. Corp. to create 500 jobs'''
*Source: http://sorsogoncity.wordpress.com/2012/04/02/firms-vie-for-38-coal-prospects/
*Source: http://bicoltoday.com/?p=5333
* April 2, 2012  
*3-April-2012
:by   Amy R. Remo
:by Felix  ‘Boy’ Espineda, Jr.






The Department of Energy on Friday received 69 bids for contracts to explore and develop 38 highly prospective coal blocks across the country, considered an “overwhelming” number that proved investors’ unwavering confidence in the Philippines.
SORSOGON CITY (BicolToday.com/3-April-2012) – The agreement and understanding of LGU Sorsogon City with LKY Development Corporation is expected to create five hundred jobs for Sorsoganons.
It will materialize after the completion and full occupancy of the renovated Sorsogon Shopping Center now in its finishing stage of construction and the on-going Sorsogon Bay City project. The projects are hubs for fast food chains, drugstores, supermart, gas station and the Bay City will host condotels and marinas offering the view of the sunset of Sorsogon Bay. Both offer commercial leasing spaces.
The renovation of the old shopping center became one of the focal points during the first term of Mayor Leovic Dioneda, to attract and create job opportunities, doubled-up by the investment of Wilbert Lee, Chief Executive Officer of LKY Development Corporation, the biggest construction concern in Sorsogon, who foot the bill for the renovation.
When the project was tossed to the Sorsogon Chamber of Commerce and Industry, Wilbert Lee took the opportunity and the challenge to prove that Sorsogon City is a good investment area, thus a roadmap for domestic investors was created.


At the sidelines of the opening of bid offers Friday, Energy Undersecretary Jose M. Layug Jr. said the Philippine Energy Contracting Round 4 for coal attracted a lot of potential investors, of which about half were new players in the local coal industry.
This is not the first time that LKY took a giant step, back in the late eighties, the construction firm responded to the offer of then Municipality of Sorsogon when it built a commercial building in a government lot fronting the public market, then another foothold when the diocesan leadership offered the development of the back portion of the cathedral lot which now stands as a landmark in the city proper.
 
This time, the response of Lee’s firm was a class act for Sorsogon City. It was a silent statement that private-public partnership can design, build and offer new landscape for business opportunities.
Among the companies that submitted bids were Benguet Corp., Semirara Mining Corp., PNOC Exploration Corp., South Davao Development Co. Inc., SKI Mining and Empire Asia Mining Corp.
It started way back in 2009 during Dioneda’s first term, when the third city council was challenged by him to come-up with a resolution to attract investors for built-operate, built-lease, and built transfer scheme offering safety nets for investors.
 
LKY responded with a grand proposal not only to boost Sorsogon economy but put on record that the traffic problem of the city center be corrected. Thus the renovated Sorsogon Shopping Center when completed will host the tricycle integrated terminal and the Sorsogon Bay City project at Barangay Balogo will house the integrated bus, jeepney and van terminal. Rolling up its sleeves when the projects were given the green lights, LKY never look back. It was committed and it was proving to all that it is not lost in Sorsogon after all.
Layug said the DOE was targeting to award contracts within 150 days from the bid opening date yesterday, or by August 2012 at the latest. The coal blocks that had only one bidder will be processed faster than those that had six to eight bidders. For the coal blocks that did not have bidders, the DOE is set to re-offer these areas in future PECRs.
Both Mayor Dioneda and Wilbert Lee of LKY are sort of visionaries, they have the knack of what can be done and how can it be done. Dioneda created an investment climate, Lee responded in ways never imagined by Sorsoganons.
 
Simultaneously starting the project created employment to skilled workers and tap the labor force not only of the city but from the other towns of the province. Masons, carpenters, plumbers, welders, pipe fitters, steel fabricators and many more who for sometimes were not employed are now having a week pay to look-up. At its peak LKY was employing close to three hundred workers in the two projects pumping a large sum of money in the local economy. This was an indirect contribution of the construction firm in prime-pumping the local economy. The construction lessened the number of employment seekers at city hall.
The offered coal blocks were in Quezon, Camarines Norte, Albay, Sorsogon, Masbate, Occidental Mindoro, Oriental Mindoro, Negros Occidental, Cebu, Bohol, Agusan del Norte, Misamis Oriental, Agusan del Sur, Surigao del Sur, Compostela Valley, Davao Oriental, Lanao del Sur, Lanao del Norte, South Cotabato, Sultan Kudarat, Sarangani, Zamboanga del Norte, and Zamboanga Sibugay.
The two projects are now the center piece of construction in the city. It’s because, Mayor Dioneda made a big difference and LKY of Wilbert Lee nurtured the big difference. BicolToday.com
 
Initially, the DOE offered 30 coal blocks when it launched the PECR 4 for coal in December last year. Should all the 30 contracts be awarded, the DOE is expecting initial investments to run up to P2.4 billion within a two-year exploration period.
 
The number of areas, however, were increased to 38 blocks in anticipation of a huge number of bidders.
 
Layug stressed the need for the country to harness its own coal resources given an increasing demand for the commodity, which now stood at about 12 million metric tons a year. Local production averaged 7 million MT, of which 3 million tons are exported to various Asian markets. Coal imports remained huge at 7 million tons a year, he added.
 
It is expected that over the next 20 years, coal will remain the major fuel for power generation and the government continues to encourage the private sector to explore and develop the country’s prospective coal blocks to find additional reserves that can be used to address growing local demand.
 
By harnessing its own resources, the government believes that it will be able to push for energy independence that will allow it to reduce its fuel imports as well as lessen its vulnerability to global price fluctuations.


==Photo Gallery of Sorsogon, Philippines==
==Photo Gallery of Sorsogon, Philippines==
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