PAVI, owned by Villar, to develop Visayas’ energy sources
The Villar family’s Prime Asset Ventures Inc. (Pavi) said it would develop 21.27 megawatts (MW) of power to meet the projected increase in demand in the Visayan Islands during the holidays.
Pavi said the initiative will be undertaken by his power companies, SI Power Corp. (Sipcor) and Camotes Island Power Generation Corp. (Campcor), which serve nearly 60,000 households in Siquijor and Camotes Islands.
“We are detecting an increase in demand due to the holiday season. Pavi, through Sipcor and Campcor, has built the infrastructure to serve these previously underserved and un-electrified Filipino homes,” said Jose Rommel Orillaza, President of Pavi’s Energy Group.
Sipcor has a 20-year electricity supply agreement with Province of Siquijor Electric Cooperative Inc. It supplies 12.86 MW of electricity through bunker-fed facilities.
Campcor has a 15-year supply agreement with Camotes Electric Cooperative Inc. for 8.41 MW of electricity from its diesel plants.
—Jordeene B. Lagare INQ
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