We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.
The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ...
Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.
Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.
Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.
The Panay Energy Development Corp. (PEDC) is looking to operate its P15.6 billion Iloilo coal plant expansion this month following its successful synchronization to the Visayas Grid.
PEDC has connected the PEDC3 150-megawatt (MW) expansion plant to the Visayas grid on August 19 through the National Grid Corp. of the Philippines (NGCP)’s Sta. Barbara substation in Iloillo.
“This marks another step towards the fulfilment of our continuing commitment to provide clean and efficient power to the region and contribute to its continued development,” Global Business Power Corp. (GBPC) President Rolando Bacani said.
The PEDC is a subsidiary of GBPC, which is a Visayas-focused power producer.
The coal plant is expected to provide power to the Manila Electric Co. (MERALCO), Iloilo Electric Cooperatives I, II, and III, as well as the Antique Electric Cooperative and the Guimaras Electric Cooperative of Panay-Guimaras Power Supply Consortium.
PEDC’s third plant is a boon to the Visayas region that is in need of more reliable power supply.
The expansion project was originally planned to consist of two units of 82 MW facilities to be completed in 2014.
The plant was funded through a P11 Billion, 12 – year syndicated loan from local banks namely Bank of the Philippine Islands, China Banking Corp., Land Bank of the Philippines, Rizal Commercial Banking Corp., Philippine National Bank and the Philippine American Life and General Insurance Co.
