Business World Online
Posted on March 03, 2011 10:15:07 PM
ILOILO CITY -- Power rates in this city have dropped by nearly P2 per kilowatt-hour (kWh) since a new coal-fired power plant started operating in November last year.
Panay Electric Co. (PECo), the sole power distributor in Iloilo City, said in a statement that generation charge dropped to P6.9732/kWh last month from P8.5981/kWh in November 2010.
Randy S. Pastolero, PECo vice-president for operations, said in the statement that his company was able to cut the generation charge passed on to its customers as it started drawing power from Panay Energy Development Corp.’s new 164-megawatt (MW) coal-fired power plant in La Paz district.
"This was achieved despite the increasing trend in diesel and bunker fuel prices due to the introduction of cheaper power from the Panay Energy coal-fired power plant," Mr. Pastolero said.
Panay Energy, a subsidiary of Metrobank group’s Global Business Power Corp., provides 30 MW-40 MW to PECo.
The first 82-MW unit of the new coal plant was commissioned in November last year, while the second was synchronized with the first and the generating units of Panay Power Corp. just last Saturday. -- FALA
Randy S. Pastolero, PECo vice-president for operations, said in the statement that his company was able to cut the generation charge passed on to its customers as it started drawing power from Panay Energy Development Corp.’s new 164-megawatt (MW) coal-fired power plant in La Paz district.
"This was achieved despite the increasing trend in diesel and bunker fuel prices due to the introduction of cheaper power from the Panay Energy coal-fired power plant," Mr. Pastolero said.
Panay Energy, a subsidiary of Metrobank group’s Global Business Power Corp., provides 30 MW-40 MW to PECo.
The first 82-MW unit of the new coal plant was commissioned in November last year, while the second was synchronized with the first and the generating units of Panay Power Corp. just last Saturday. -- FALA
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