ILOILO CITY – President Benigno Aquino III will lead the opening of the first coal fired power plant here today, which is expected to augment the existing power supply in the whole Panay Island up to Boracay Island.
The investment of P17.8 billion by Metrobank Group, Global Business Power Corp. and Panay Energy Development Corp. is the biggest private sector investment to spur the economic development not only of Iloilo City but of the entire Western Visayas, a government press release said.
The plant located in Barangay Ingore, La Paz in this city, started commercial operations on March 26, 2011 to supply power to Panay from Iloilo City up to Boracay and some parts of Negros Occidental.
The twin plants of 82 megawatts each use the latest circulating fluidized bed boiler technology to ensure negligible levels of emission and at the same time, attain 99.9 percent efficiency level with 164 megawatts, the press release said.
Panay Island provinces particularly this city are assured of sufficient power supply from its existing 109.5 megawatt diesel plant of GBPC, a sister company of PEDC plus the newest 164 megawatts of the coal fired power plant, it added.
The President will lead in unveiling the marker and switch-on ceremony to be assisted by Metrobank chairman George Ty.
After the PEDC ceremony, the President will go to the Iloilo provincial capitol as guest of honor and keynote speaker during the distribution of 4Ps cash grant, awarding of Philhealth cards and CLOA certificates.
With the President at the capitol program are Health Secretary Enrique Ona, DAR Secretary Rogelio delos Reyes and DSWD Undersecretary Alicia Bala.*PNA