MORE Power modernization program gets support from Iloilo business group | Inquirer News

MORE Power modernization program gets support from Iloilo business group

By: - Reporter / @ConsINQ
/ 08:58 PM August 29, 2020

more power iloilo

Photo from MORE Power Iloilo Facebook account.

MANILA, Philippines — Iloilo Economic Development Foundation (ILEDF), the city’s prime business group, has supported MORE Electric and Power Corp. (MORE Power) and its P1.8 billion modernization program, which aims to remove the inefficiencies of its distribution facilities.

In a statement on Saturday, ILEDF Executive Director Francis Gentoral said the business group is studying improvements to provide Iloilo City a utility firm with “a demonstrated capability, track record, and financial capability to operate and maintain a distribution utility for a fast-growing metropolis; make significant investments in infrastructure; systems and technology; and human resources; and maintain a long-term commitment to Iloilo.”

Article continues after this advertisement

Gentoral said an enhanced power distribution system would also ensure “stable, continuous and cost-effective electricity supply” for business investors.

FEATURED STORIES

The ILEDF chief said he is optimistic that MORE Power, the new power service provider in the city, will also give way to a cost-effective power supply.

Gentoral cited that MORE Power immediately lowered power rates to below P9 per kilowatt hour (kwh), saying it’s “the first time that the city’s power rates fell below P10 per kwh for two decades.”

CFC
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Electricity, ILEDF, Iloilo, MORE Power, Regions

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.