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<center>[[Bataan Province, Philippines|<font size=4>'''Province of Bataan'''</font>]] - [[Bataan Archived News|<font size=4 color=green>'''Archived News'''</font>]]</center> | <center>[[Bataan Province, Philippines|<font size=4>'''Province of Bataan'''</font>]] - [[Bataan Archived News|<font size=4 color=green>'''Archived News'''</font>]]</center> | ||
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==Cheaper electricity in Bataan seen== | |||
*Source: http://www.mb.com.ph/articles/332939/cheaper-electricity-bataan-seen | |||
*By: MAR T. SUPNAD | |||
*''September 02, 2011'' | |||
MARIVELES, Bataan — Bataeños and investors in the province are looking forward to cheaper electricity rates once the construction of the 600-megaWatt (mW) GN power plant which is expected to be completed and made operational next year. | |||
Governor Enrique “Tet” Garcia, one of the proponents of the GN power plant, said electricity will soon be offered at a price cheaper by 30 to 40 percent than present power rates being charged. | |||
Bataan 2nd District Rep. Abet S. Garcia and Freeport Area of Bataan (FAB) Chairman and Administrator Deogracias G. P. Custodio relayed this information to Business Processing Association of the Philippines (BPAP) officers Thursday. | |||
The two officials met with BPAP Executive Director for External Affairs Martin Crisostomo and BPAP Executive Director Gigi Virata. | |||
“Gov. Garcia had personally went a number of times to China to convince the GN power plant management to put up the coal-fired power plant here and one of his request was to have a cheaper power supply of electricity here,” said Rep. Garcia. | |||
In its website, the equity for Mariveles Station (GN power Project) will be funded by Sithe Global and Denham Capital Management ("Denham"). The Engineering, Procurement and Construction counterparty is CNEEC (China). | |||
GN power said that its regulatory framework is investor-friendly and transparent, and low current per capita electricity consumption combined with robust economic growth should ensure moderate to high- demand growth. | |||
The Mariveles Project is expected to have the lowest marginal operating cost of any coal project on the grid when completed by year 2012. | |||
It will provide significant benefits to the local community by reducing electricity costs, as well as providing jobs and substantial economic stimulus. | |||
With this bit of good news for investors in Bataan, economic development in Camaya Coast is entering a new and promising phase, he said. | |||
Dubbed the “Boracay of Bataan,” Camaya Coast President Goody Ilagan said the beautification of the beaches, hotel and resort in the area is being rushed. | |||
Garcia and Mayor Jesse Concepcion have been promoting the beauty and unique environment of Camaya Coast being located in this industrial town. | |||
Only recently, Engr. Jose Utrillo, president of the Concord Pacific and Investment Holdings, a US-based multi-national company engaged in garbage-fueled power plants and International seaports, sought audience with Custodio to express interest in putting up an International Seaport in this town. | |||
==Agri project to benefit over 13,000 farmers in Bataan== | ==Agri project to benefit over 13,000 farmers in Bataan== | ||
*Source: http://www.sunstar.com.ph/breaking-news/2011/09/01/agri-project-benefit-over-13000-farmers-bataan-176662 | *Source: http://www.sunstar.com.ph/breaking-news/2011/09/01/agri-project-benefit-over-13000-farmers-bataan-176662 | ||