[av_one_full first min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ padding=’0px’ border=” border_color=” radius=’0px’ background_color=” src=” background_position=’top left’ background_repeat=’no-repeat’ animation=”]
[av_heading heading=’150-MW coal plant addresses need for cheap, viable power ‘ tag=’h3′ style=’blockquote modern-quote’ size=” subheading_active=’subheading_below’ subheading_size=’15’ padding=’10’ color=” custom_font=”]
BY ROEYNA MAY FAMISARAN
[/av_heading]
[av_textblock size=” font_color=” color=”]
ILOILO City – The city’s growing economy needs a cost-efficient and sustainable power supply. Thus, Panay Energy Development Corp.’s (PEDC) 150-MW expansion project in Barangay Ingore, La Paz district is a good investment, according to Global Business Power (GBP) Corp. chairman Jose Maria Lim.
Lim, during the switch-on ceremony of the clean-coal power plant, said the event highlights GBP’s commitment to support the economic growth of Iloilo as it addresses the need of the province to have a sustainable power supply without compromising the costs.
“By providing adequate power supply, we are fueling growth of industries … and also the availability of jobs in Western Visayas, thereby providing a viable alternative to the already congested Metro Manila,” Lim said.
The power plant, which is the largest single generation unit in Visayas, promises to provide adequate, clean, reliable and cost-efficient power in the region. Its cost-efficiency will benefit residents and businesses in Panay, a press release from GBP noted.
GPB has invested a total of P15.6 billion for the expansion project after its P20-billion investment for PEDC’s first two clean-coal plants in 2011.
“We are hopeful that in supporting the growth in Panay, specifically in Iloilo, we are contributing to the government’s quest for sustainable and inclusive growth in all areas of the country,” Lim added./PN
[/av_textblock]
[/av_one_full]
