Economy



By Francis Allan L. Angelo, Correspondent


Iloilo to need 100 MW in 2014




Posted on September 05, 2013


ILOILO CITY -- A Panay Electric Co. (PECo) executive expects Iloilo City’s power consumption to hit 100 megawatts (MW) next year as some of the projects within Megaworld Corp.’s Iloilo Business Park are completed.

Randy S. Pastolero, PECo vice-president for operations, said Iloilo City’s highest demand this year breached 90 MW in April. Demand for power last year peaked at 85 MW.

Mr. Pastolero said the 54-hectare business district being developed by Megaworld, on the old Iloilo airport lot in Mandurriao district, is expected to require 25 MW starting next year.

“The Megaworld project has six phases, and we estimate that the entire development will have a total demand of 70 MW in the next five years,” he said.

Mr. Pastolero said PECo plans to put up a separate 69-kilovolt (kV) sub-transmission line to Megaworld’s project area to manage its load.

“In the meantime, two sub-transmission facilities in Molo and Mandurriao districts will handle the business park’s supply. But, we will eventually put up the substation to protect our system also,” he added.

Megaworld is about to finish Richmonde Hotel -- Iloilo and will soon begin construction of the Marriott Courtyard Hotel.

The Iloilo Business Park will also feature the Iloilo Convention Center, which will be the venue of the Asia-Pacific Economic Cooperation (APEC) 2015 meetings in Iloilo City.

The PECo official said that other developments by Ayala Land, Inc. and by Double Dragon Properties under Edgar J. Sia II of Mang Inasal will also jack up demand for power in the city.

“We will need to sign additional power agreements in anticipation of this projected surge in energy demand. The planned expansion of Panay Energy Development Corp. (PEDC) starting this year has opened more options for us,” he said.

PEDC, a subsidiary of the Metrobank Group’s Global Business Power Corp. (GBPC), will expand its 164-MW coal-fired power plant in Brgy. Ingore, LaPaz by putting up a single 150-MW power plant.

The expansion project, which is seen to cost P6.2 billion, is projected to start next month and will be completed after 33 months.