Subic power firms expand to meet growing demand
SUBIC BAY FREEPORT — Power companies in the Subic Bay Freeport are now putting up additional production facilities and improving distribution systems in anticipation of the influx of more investment projects here in the next few years.
Subic Bay Metropolitan Authority (SBMA) Administrator/ chief executive officer Armand Arreza said the Redondo Peninsula Energy Inc. will start the construction of a $420-million coal-fired power plant here next year, at the same time that the Subic Enerzone Corp. will be undertaking a P210-million systems installation and rehabilitation project.
“Investors worldwide are looking for investment sites with stable but cheap power supply, along with accessibility and security, investment perks, and skilled manpower,” Arreza explained.
“These power projects are crucial to the growth of the Subic Freeport and the local economy because they will help reduce the cost of electricity in
According to Subic Enerzone, operator of the power distribution system in the Subic Freeport, power consumption in its
“This is why we have to upgrade the power system in
Arreza pointed out that Malacañang’s recent order to expand the coverage of
“You add to this equation the continuing growth of Clark Freeport, the completion of the Subic-Clark-Tarlac Expressway, and the full operation of
Arreza said the proposed 300-megawatt coal plant to be built near the Hanjin shipyard is designed to partly address the expected surge in electricity demand in
“But we’ve been assured by the project proponent that it will also help bring down power cost in the
The project, a joint venture of Aboitiz Power Corp. and Taiwan Cogeneration Corp., is scheduled for completion in 2011, with another 300-megawatt facility set to follow three years later.
Arreza said that with the expected influx of investments, a progressive power program has to be in place within a short period to maintain
“We have proven in the past two years that
“This is really a very competitive business, and we’re playing hardball with more advanced economies like
Because of this, Arreza said the upgrading and rehabilitation program to be undertaken by Subic Enerzone Corp. next year will also play a big part in
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