2nd coal-fired power plant up in Iloilo soon-A A +A
Tuesday, February 4, 2014
THE City Council unanimously approved Tuesday, February 4, an ordinance reclassifying the land from fishponds and salt beds to industrial use in Barangay Ingore, La Paz, Iloilo City.
As requested by Petronilo Madrid, vice president for operations of Panay Energy Development Corporartion (PEDC), the lot in question is a 24.9-hectare area earmarked for the construction of a second coal-fired power plant owned by the same company.
The new plant is proposed to generate 150 megawatts (MW) of power, and construction is set to start by the middle of 2014 with commercial operations by July 2016.
PEDC, a subsidiary of Global Business Power Corporation of Metrobank Group, is expanding its load-based power projects in Iloilo City and the new power plant is on top of the existing two 82MW coal-fired power units also located at the nearby area.
Main proponent Councilor Lyndon Acap said the city has a remaining 750 hectares of agricultural land but is fast developing into a highly urbanized industrial city.
Madrid earlier said that his company is recognizing the fast economic boom of Iloilo, with many recent international and national business locators in the city.
He said the need for adequate and sustaining power supply is a must for a growing city, adding that his company is ready to supply the power needs.