Connect with us

Hi, what are you looking for?

News

Cebu’s Bantayan Island now has 24-hour power supply with new plant

BANTAYAN ISLAND, a tourist destination located off the northwestern side of Cebu, will now have 24-hour electricity supply with the completion of a new 23-megawatt power plant owned by Isla Norte Energy Corp. (INEC).

“These engines… will provide the power Bantayan Island needs today and the years to come,” INEC President and Chief Executive Officer Emil Andre Garcia said during Wednesday’s inauguration ceremony streamed on the Cebu provincial government’s Facebook page.

INEC, a joint venture of Vivant Energy Corp. and Gigawatt Power, Inc., will deliver the supply from the diesel-fired plant to the island’s distributor, Bantayan Electric Cooperative (BANELCO).

The 15-year Power Supply Agreement is pending approval by the Energy Regulatory Board, but INEC was granted a 90-day provisional authority to operate last month to help address the constant rotational brownouts on the island, according to the provincial government.

“I am happy because this comes right on time when we are trying to bring back a crippled economy, an economy that was devastated because of the restrictions of COVID-19 (coronavirus disease 2019),” Cebu Gov. Gwendolyn F. Garcia said during the launch.

The island, with its beaches and ecotourism sites, is composed of three towns: Bantayan, Sta. Fe, and Madridejos. It has an average power demand of 8.5 megawatts.

A renovated airport with capacity for commercial flights was completed last year.

The Bantayan Airport was rehabilitated and expanded through a partnership between the Cebu provincial government and the Mactan Cebu International Airport Authority.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

THE peso sank to the P55-a-dollar level on Wednesday — its weakest in more than 16 years — amid fears of a recession in...

News

(MAY 13, 2020) Houses are dwarfed by towering buildings of the Makati City skyline on a quiet Wednesday midnight as they government through the...

News

THE Philippine Ports Authority (PPA) has awarded more port projects, including the construction of a cruise ship port in Coron, Palawan province southwest of...

News

MORE Filipinos opened their own bank accounts at the end of last year, as many of them were forced to pay for services online...

News

Sebastian Ganso / Pixabay A unit of Manila Electric Co. (Meralco) has partnered with a Korean company for a research and development project in...

News

Koala Cruz / BW file photo Boulevard Holdings, Inc. (BHI) is tearing down the rooms in Fridays Boracay and renovating the resort to upgrade...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Financial Advisors

The healthcare ecosystem is one that has thrived on the cusp of scientific progress, benefitting enormously from the winds of change in the technological...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.