Korean investors call on Celso PDF Print E-mail
Thursday, 23 May 2013 11:01

A team of Korean businessmen on Tuesday called on Mayor Celso Lobregat in City Hall to discuss investment possibilities specifically potential options to address the power needs of the City.

During their courtesy call, investors Lee Ik Hwan and Alex Huang proposed the construction of a solar power plant as a possible long-term solution to the power shortage responsible for the series of 8 to 9-hour power interruptions in the City during the past months.

According to the investors, solar energy is cheap but that initial investment for a power plant will involve a considerable amount.

Lobregat welcomed their interest and the idea of the solar power plant. However, he explained that the construction of a coal-fired power plant in San Ramon is already underway. He also explained that the energy generated from a solar power plant may not be enough to cover the City’s power demands, which currently peaks at 80 MW and is expected to increase in succeeding years.

Nevertheless, the City is open and does not discount the possibility of having a solar power plant for renewable energy supply in the future.

“There is nothing to stop you from putting up a plant in Zamboanga,” concluded Lobregat.

The investors are set to present their proposal for the solar power plant to the Zamcelco board tomorrow. — Jasmine Mohammadsali