PNOC meets developers to build new building

By Alena Mae S. Flores – January 24, 2024, 8:35 pm
from manilastandard.net

State-run Philippine National Oil Co, (PNOC) held a market sounding forum and consultative meeting to mark the start of the proposed mixed-use office and commercial building development within the Energy Center in in Bonifacio Global City, Taguig.

Representatives of property developers Filinvest Development Corp., Century Peak and Zillion Holdings Corp. attended the event.

PNOC said in an earlier advisory the redevelopment would involved the construction of a mixed-use office and commercial building catering to government agencies, instrumentalities and corporations engaged in energy development and other private companies and individuals.

“This groundbreaking initiative is strategically designed to harness the power of a public-private partnership, aligning seamlessly with the newly established PPP Code,” PNOC said in a statement.

PNOC said its commitment to governance and compliance is exemplified through this venture, which aims to set new benchmarks for responsible and transparent business practices.

It appointed lawyer Alberto Agra, a renowned PPP advocate to lead compliance efforts, ensuring that the project remains at the forefront of legal and regulatory standards.

Meanwhile, PNOC designated University of the Philippines professor Rowaldo Del Mundo and his team as the project’s transaction advisers, bringing a wealth of diverse expertise to the planning and execution phases of the project.

“The recent market sounding forum and consultative meeting symbolize the commencement of an exciting and transformative journey for PNOC and its stakeholders. The company envisions the development as a beacon of excellence, reflecting its unwavering commitment to sustainable growth and innovation,” PNOC said.