Close  

Power firm offers more discounts to Negros folk

By: - Correspondent / @carlagomezINQ
/ 06:30 AM October 04, 2014

BACOLOD CITY—The renewable power firm Energy Development Corp. (EDC) is giving a 30-centavo discount to electric cooperatives not only in Negros Oriental province but in Negros Occidental province as well.

Ramon Diaz de Rivera, EDC marketing and sales group manager, said the lower rate would be reflected in power sales agreements to be signed by electric cooperatives with Green Core Geothermal Inc. (GCGI), an EDC company.

ADVERTISEMENT

GCGI operates geothermal power plants in Palinpinon town, Negros Oriental, and in Tongonan town, Leyte province.

EDC earlier offered to lower power rates for Negros Oriental electric cooperatives by 30 centavos per kilowatt hour starting October in line with the firm’s desire to be “good neighbors” with consumers in the province.

FEATURED STORIES

Upon learning of the discount, provincial officials in Negros Occidental asked EDC officials to offer the same in their province.

Diaz de Rivera said EDC was set to offer the same to Central Negros Electric Cooperative (Ceneco), Northern Negros Electric Cooperative (Noneco) and Negros Occidental Electric Cooperative (Noceco).

“This is on top of the clean, renewable and reliable power we have been providing to the Negrenses,” he said.

He said GCGI had confirmed that the same discounts had been offered to Negros Occidental electric cooperatives.

While the lower rates are supposed to take effect from next year until 2016, Diaz de Rivera said GCGI was open to putting them in effect earlier to allow Ceneco, Noneco and Noceco’s member-consumers to enjoy the same benefit.

He said the lower rate had nothing to do with EDC’s new 49.4-megawatt Nasulo geothermal power plant in Barangay Puhagan, Valencia town, Negros Oriental.

At the inauguration of the Nasulo geothermal plant last week, EDC chair and chief executive officer Federico Lopez said the new plant would be a boost to the power supply of the Visayas, which is expected to exceed 2,000 MW by 2015.

ADVERTISEMENT

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: EDC, Energy Development Corp., Negros, Negros Oriental
For feedback, complaints, or inquiries, contact us.
sports

What rivalry?

October 18, 2019 05:40 AM

sports

Abandonment issues

October 18, 2019 05:35 AM

business

AC Energy beefing up capital to support expansion

October 18, 2019 05:28 AM



© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.