THE Panay Energy Development Corp. (PEDC) will provide 150 megawatts more when its Unit 3 project in Iloilo City start operations by June 2016.

PEDC has a 164-MW plant on the same site in Barangay Ingore, La Paz District.

Gil Altamira, the firm’s senior manager for commercial operations, said in a press briefing in Bacolod Tuesday the expansion project is envisioned to supply the growing power demands of Panay and Negros Islands at a cost-efficient rate at P5.05 kilowatt per hour.

Altamira said the signing ceremony for the electric power purchase agreement with Panay Guimaras Power Consortium (PGPC) will be held at Boracay Regency Hotel in Boracay Island, Aklan, on April 11.

PEDC has been offering to supply power to the distribution utilities in Negros Occidental, including the Central Negros Electric Cooperative (Ceneco), he said.

Ceneco, however, already has a contract with Palm Concepcion Power Corp., which is building a 135-megawatt coal-fired plant in Concepcion, Iloilo.

Altamira said there is enough power for Western Visayas unlike in Mindanao and Luzon where there is a power shortage.

He said PEDC is confident its additional investment will further fuel economic growth in Western Visayas.

PEDC’s two plants supply 60 percent of the requirements of Panay.