Energy World Corp receive DoE permit in the Philippines

Company News

by Rachael Jones

The directors of Energy World Corp (ASX:EWC) are pleased to receive an a permit from the Department of Energy in the Philippines to construct, own and operate a liquefied natural import terminal and regassification facility.

The permit allows for an extended construction period of 24 months.

This will enable completion date for the first tank of the LNG hub to be aligned to the commercial operation date of the associated power plant and switchyard expansion.

Shares in Energy World Corp (ASX:EWC) closed 3.57 per cent higher at 14 cents yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.