Euro firm tapped as advisor for Batangas pipeline project
MANILA, Philippines – A European company has been hired by state-run Philippine National Oil Company (PNOC) as an advisor in the Batangas-Manila (BatMan) 1 natural gas pipeline project.
The firm, Rebel Group International BV of Netherlands, will be tasked to undertake a feasibility study and provide transaction advisory services for the project.
Public Private Partnership (PPP) Center executive director Cosette Canilao and Rebel Group team leader Vivek Sharma led the contract signing, which was held on Monday and witnessed by PNOC president and chief executive officer Antonio Cailao.
The 105-kilometer pipeline from Batangas to Manila will be constructed to transport and supply natural gas to targeted markets in Batangas, Laguna, Cavite, and Metro Manila.
The PPP project is part of PNOC’s plans to improve the natural gas industry by building a series of network pipelines in Luzon.
At least 15 major infrastructure projects worth over P222 billion are expected to be awarded before the end of President Aquino’s term in June 2016.
The PPP Center has identified a total of 50 projects that can be undertaken through the PPP scheme.