Published
By Tara Yap
ILOILO CITY—The
guidance of the Energy Regulatory Commission (ERC) is being sought by Global
Business Power Corp. (GBP) as two firms vie for the government franchise to
distribute power in the city.
“We have asked the ERC whom do we sell power
to,” said GBP President Jaime Azurin.
GBP subsidiaries Panay
Energy Development Corp. (PEDC) and Panay Power Corp. (PPC), which operate the
314-megawatt (314-MW) of coal-fired power plant and 72-MW diesel plant
respectively, are caught in the middle of a corporate dispute.
The franchise of
newcomer MORE Electric and Power Corp. (MORE Power) is awaiting approval from
President Duterte, while the franchise renewal of current distributor Panay
Electric Co. (PECO), a GBP client, has stalled at the House of Representatives.
Nilo Madrid, GBP vice
president for Panay operations, said PECO’s franchise will expire on January 19.
There is a possibility
MORE Power would want to source its electricity from another firm, since its
chief executive officer Roel Castro was once president of Palm Concepcion Power
Corp. (PCPC), which runs PEDC’s rival coal-fired power plant in Iloilo.
“It is the decision of
the new franchise holder. It’s not ours. But I hope they see the important of
our power plants,” Azuin told Manila Bulletin.
“It is utmost
importance there is no disruption of power in Iloilo City. It would be unwise.
It would be disastrous,” Azurin said.
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