Sunstar Iloilo
PRESIDENT Benigno Aquino III will formally open on April 1 Iloilo City’s first coal-fired power plant that will augment the power requirement of the whole Panay island.
The P17.8 billion facility owned by Metrobank Group, Global Business Power Corp. (GBPC) and Panay Energy Development Corp. (PEDC) is the biggest private sector investment in Western Visayas.
Aquino will lead in unveiling the marker and switching on ceremony to be assisted by Metrobank chairman George Ty.
The President will be joined by city and provincial officials during the reception party to be held at the power plant facility.
The power plant located at Barangay Ingore in La Paz district started its commercial operations last March 26. It will energize the whole Panay island, including Boracay island in Aklan, and some parts of Negros Occidental province.
The twin plants, which can generate 82 megawatts each, use the latest circulating fluidized bed (CFB) boiler technology to ensure negligible levels of emission and at the same time, attain 99.9 percent efficiency level with 164 megawatts.
Provinces in Panay island, particularly Iloilo City, are now assured of additional 164 megawatts on top of the existing 109.5 megawatts generated from a diesel plant of GBPC, a sister company of PEDC.
Power supply agreements were already drafted with key power distributors such as the Iloilo Electric Cooperatives (Ileco 1, 2 and 3), Guimaras Electric Cooperative (Guimelco), Capiz Electric Cooperative (Capelco), Antique Electric Cooperative (Anteco) and Aklan Electric Cooperative (Akelco).
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