Press
ENERGY CITY UPDATE
Energy city has taken a new shape by adding railway line to the project. There will be two railway lines from the city to Manila. Cargo line and a passenger line.
Our two world renowned project Managers Aurecon Australia PTY and Mott Mcdonald UK have taken charge of the design and engineering, planning and management of this multi-purpose city, the first of its kind in the world. The company has completed its shortlisting process of consultants and contractors and preparing towards the ground breaking which will take place by Q2 2016.
Despite the falling oil prices, the management of Kampac are bullish about the project because we think this is the time to take advantage of the cheap oil price period which will impact cost of construction to accelerate the development of the city. Secondly, Kampac is confident Asia will continue to grow especially Philippines and needs more energy to meet the challenges of the 2020’s which is energy security.
Even though the cost of the project will be well over $15bn in 15 years but we are not fazed by it because we believe Philippines has the potential to become the first Asian country to triple its growth in the next 10-15 years.
We signed 2 definitive agreements with Aurecon for the development of non-commercial port and Master planning/development of the New Sual city.
The ground breaking for our Energy city is scheduled for the second quarter of 2015.
We have initiated a process to be listed a major Stock Exchange by 4th quarter of 2015.
Miss Laura Angelica Ramos, have been appointed as the Administrator for CamCap Resources Inc –Philippines ( subsidiary of Kampac group)
The Chairman visits the Head Office of China Railway 13 Bureau Group in Tianjin. The trip was to foster stronger business cooperation between the two companies .
Mr. Nick Ye have been appointed Chief Operating Officer for Kampac China . Mr Ye appointment took effect on November 15 2013. He brings to the company 20 years of business experience in China.
November 15 2013
Kampac signs Joint Venture agreement with China Railway Group and China Advanced Construction Materials Group Inc. to undertake mega infrastructure project in the Sultanate of Brunei.
24 Nov, 2013
A memorandum of Agreement have been signed with China Railway 13 Bureau to undertake Railway Projects in Ghana and the Trans Saharan Railway line.
24 Nov, 2013
Mr Bun Joon Kwon is appointed the new Chief Financial Officer (CFO) of the group. Mr Bun Joon Kwon has been appointed as the new Financial Officer (CFO} . Mr B.J Kwon is a graduate of Havard University with degrees in Accounting and Business Administration.
07 October, 2013
Kampac Energy city to be launch by second quarter of 2014.
Kampac Energy City will be launched in June 2014. As announced recently by the management. It will comprise of 3 refineries, a Petrochemical plant , LNG regasification plant and a water company. It will be the largest energy city and the first of its kind in Asia. Construction will take 5 years to complete.
07 October, 2013
Kampac sign a joint venture with Marine Global Services Limited to expand and strengthen the company’s activities in Marines services. Marine and Global Services is one of the fastest growing Marines services company operating in the Gulf Guinea.
The Group Subsidiaries
