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MANILA, Philippines (Xinhua) - President Benigno Aquino III led today the inauguration of a 200-megawatt coal-fired power plant in the central Philippine region of Visayas that will improve the generating capacity of the region.
With the new power generating facility of the Korean Electric Power Corporation, 11 percent of the country's electric generation requirements have been met, said Aquino.
Aquino lauded the implementation in Visayas of the Wholesale Electricity Spot Market which he said "paved the way for the timely commissioning of new power plants as investors are now provided with opportunities to sell power at reasonable profits."
"More importantly, the Wholesale Electricity Spot Market has played a significant role in stabilizing electricity supply and has eliminated the manual load dropping (or rotational brownouts) of customers," he said, noting that with this renewed stability in electricity distribution, industries in the region can continue to flourish and expand as it meets the demands of its customers.
"This power plant we are inaugurating today will make certain that the energy needs of our citizens in this part of the country are met. In Cebu, for example, where the economy continues to grow, this power plant will help keep up with increasing demand," said Aquino.
With the new power generating facility of the Korean Electric Power Corporation, 11 percent of the country's electric generation requirements have been met, said Aquino.
Aquino lauded the implementation in Visayas of the Wholesale Electricity Spot Market which he said "paved the way for the timely commissioning of new power plants as investors are now provided with opportunities to sell power at reasonable profits."
"More importantly, the Wholesale Electricity Spot Market has played a significant role in stabilizing electricity supply and has eliminated the manual load dropping (or rotational brownouts) of customers," he said, noting that with this renewed stability in electricity distribution, industries in the region can continue to flourish and expand as it meets the demands of its customers.
"This power plant we are inaugurating today will make certain that the energy needs of our citizens in this part of the country are met. In Cebu, for example, where the economy continues to grow, this power plant will help keep up with increasing demand," said Aquino.
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