DBP chief operating officer Edgardo F. Garcia said the loan will help improve the reliability, efficiency, and safety of BOHECO I’s distribution system by addressing the overloading of distribution lines and transformers and load requirements of its new consumers.
The loan will be specifically used to finance the installation of a 10MVA substation in Panglao, Bohol; construction of a 69kV transmission line; and the rehabilitation of BOHECO’s distribution line.
Garcia added that the loan will help reduce the electric cooperative’s system loss which should translate to reduction of consumers’ bills. Improvement of distribution transformers capacities is also expected to help BOHECO I address the growing demand for electricity in the province.