Fabian hails SRPI for power plant investment in Zambo PDF Print E-mail
Friday, 01 February 2013 14:36

District 2. Rep. Erbie A. Fabian hailed the Alcantara Group for investing billions of pesos in the construction of a 100-megawatt coal-fired power plant in the city.
Fabian said this will stabilize the erratic power condition of the city and provide a power supply buffer for the future.

San Ramon Power Inc., the Alcantara power subsidiary signed a land lease agreement with the ZamboEcozone last weekend in San Ramon where the 12 billion peso power plant will rise.

SRPI officials are currently working on a power sales agreement with the Zamboanga City Electric Cooperative on how much power it will provide Zamcelco from its plant’s capacity.

SRPI in coming to Zamboanga City directly has committed to give Zamcelco, the host power provider here first crack at buying its power at preferential rates.

Zamboanga City has been suffering intermittent brownouts due to inadequate power supplied by the Napocor Mindanao grid because of the dwindling capacity of its main hydro plants.

The city has a current peak load of 85 megawatts resulting in a widening gap in supply available and current demands hence the brownouts.

Fabian added by 2016 as the power plant comes on stream Zamboanga City’s power supply will stabilize re gaining for the city a plus in its bid to lure investors to pour in capital here.

Fabian, a former board member of the ZamboEcozone himself in the past, said this was a problem before in the effort of the Freeport to lure locators to relocate in the city.

It will enhance the economic viability of Zamboanga as an investments destination to both local and foreign manufacturers.

Fabian has decreed it a priority of his to make the city the commercial and industrial hub of the Zamboanga Peninsula region.

Basic necessities such as steady power supply must be had if the city is to make inroads in attracting investors, the solon pointed out.

Earlier, Rep. Fabian extended the city’s gratitude personally to SRPI by way of Mr. Tirso G. SantillanJr Chief Executive Officer and EVP for coming to the city.

Things are looking up for Zamboanga and the situation can only get better, the solon added.