MORE Power assures potential investors in Iloilo City of reliable power supply
By Tara Yap
THE Management Association of the Philippines (MAP) visits the modern power control center of MORE Power in Iloilo City.
ILOILO CITY — MORE Electric and Power Corp. (MORE Power) has assured potential investors in this city of reliable power supply.
“Iloilo will be ready for investment. We would be confident and not be afraid of any investment that would come, and that would require power,” said MORE Power President and CEO Roel Castro.
During the recent meeting of the Management Association of the Philippines (MAP) in Iloilo City, Castro said their customer base has almost doubled since they took over as the sole power distributor.
From 62,000 accounts in 2020, MORE Power currently has 115,000 accounts.
“We came in in 2020, and our growth in electricity demand has been increasing,” Castro said.
Castro said that MORE Power implemented a massive five-year upgrade of facilities after they took over from Panay Electric Co. (PECO).
MORE Power invested in new substations to strengthen reliability by assuring that they can carry the city’s power demand.
Castro quantified this readiness, revealing that their system has about 36 percent spare capacity available to absorb new industrial, commercial, and residential demand without requiring immediate new large-scale construction.
Castro welcomed MAP members to their modern power control center, which houses the Supervisory Control and Data acquisition (SCADA) System that utilizes advanced software, hardware, and intelligent programming to address problems immediately.