THE Negros Occidental Electric Cooperative (Noceco) and Panay Power Corp. (PPC), a wholly owned subsidiary of Global Business Power (GBP) Corp., signed a power purchase contract agreement for the utilization of a 12-megawatt supply for Noceco’s peak load requirement.
The signatories were Felipe Uygongco, vice president for Panay Power Holdings; Jaime Azurin, president, Global Business Power; Petronilo Madrid, first vice president for Panay Site, GBP; and Uldarico Ariel Mirasol, Noceco chairman; John Peter Millan, Noceco board member; and Jonas Discaya, Noceco general manager.
There are about 150,000 households being served by Noceco in the Fourth, Fifth, and Sixth Districts of the province.
Azurin said this is the first time for PPC-GBP to serve Negros Occidental and they take pride in being able to offer the best rate in the market and serve the best interest of the power consumers.
“Noceco is our new partner. We always help our partner grow by increasing their technical capabilities. This contract will be servicing Negros top tourism spots like those in the cities of La Carlota, Kabankalan and Sipalay. Our partnership demonstrates our shared commitment towards this noteworthy goal,” Azurin added.
For his part, Madrid said the contract is a breakthrough for the company to gain access not just in Negros, but also the Negros Island Region.
Millan said Noceco will enjoy the lowest price in its power contract with PPC.
“We have a flexible contract, between 7 and 12 megawatts, to supply the peaking requirement of the whole franchise area of Noceco from Pulupandan to Hinoba-an, Negros Occidental. I hope that this partnership will remind us, as to what we can achieve through the collective efforts of both parties in delivering a reliable supply of power at a very reasonable rate,” he said.