3 mills get P5B boost
to fight AFTA impact
BY CARLA GOMEZ
KABANKALAN CITY - Universal Robina Corp. is investing P5 billion in its three mills in Negros Island this year to produce, not only sugar, but power and fuel to cushion the impact of the country’s full integration into the Asean Free Trade Area by 2015.
Lance Gokongwei, URC president and chief executive officer, said this yesterday when he led the time capsule laying ceremony for a 46 MW biomass fired power plant at URC’s Southern Negros Development Corp. site here that will cost P2.5 billion, and will be exporting electricity to the national grid soon.
URC is supporting the government’s programs to achieve energy self sufficiency and reduce dependence on fossil fuels, by utilizing renewable energy resources that promote health safety and the protection of environment, he said.