APECO signs P9.45B LNG power project deal with US, local firms

The Aurora Pacific Economic Zone and Freeport Authority (APECO) has signed an agreement with US-based ARQ Development Corp. LLC and Philippine partners SC Megaworld Construction and Development Corp. and HML Technologies to explore an initial US$150-million (P9.45-billion) liquefied natural gas (LNG)-based power generation and substation project in Casiguran, Aurora.

The proposed development will initially provide 50 to 100 megawatts (MW) of generating capacity through an LNG-based power facility and substation microgrid, with plans to expand capacity to 500 MW by the third year and eventually reach 2,000 MW or two gigawatts, according to APECO.

The long-term capacity is intended to meet the electricity requirements of data centers, hyperscalers, defense-related facilities and other industrial locators in the ecozone.

The memorandum of understanding was signed on October 26 at the Philippine Consulate General in Houston, Texas, during APECO’s investment mission to the United States from October 24 to 30, 2026.

This story was originally published by PortCalls Asia. Read the full story at PortCalls Asia →