BACOLOD CITY, Negros Occidental, Philippines – The chief executive officer of Iloilo City’s sole power distributor, MORE Electric and Power Corporation (MORE Power) has outlined innovations, and technical and financial capabilities as among the key factors to “turn around” power distribution services in the capital city of Western Visayas region.
Roel Castro, MORE Power CEO, told delegates to the 31st Visayas Area Business Conference that their story in Ioilo is “a perfect example of the conference theme which focused on innovations for sustainable energy supply toward a cost-effective and efficient energization,” a news release from MORE said.
The conference organized by the Philippine Chamber of Commerce and Industry in Ormoc City, Leyte had the theme “From setbacks to comebacks: Getting business back on track.”
The press release said Castro, who spoke to almost a thousand delegates, took the audience on a walk through on how they “turned around the services of electric distribution in Iloilo City in the past two years and a half.”
The firm, which took over from Panay Electric Company (PECO) said it came from “a setup with very high system loss, dilapidated and neglected facilities, dangerously overloaded systems, and high electricity rates.”
“Castro pointed out that there was no magic used to be able to experience what Iloilo City consumers enjoy now,”the release said.
Instead, MORE Power first invested to rehabilitate facilities, increase capacity and reliability, training, and prepare for automation.
The investment for these has reached P1.3 billion so far.
“The second critical aspect is technical capability. We recruited personnel with a high level of integrity and technical expertise and employed reputable contractors with long technical experience. Next is to have an innovative mindset. Another important factor is to be socially responsible which I think is second nature to MORE Power”, Castro told those gathered that included Leyte 4th district congressman Richard Gomez, Carlos Vega of First Gen Corporation, Quintin Pastrana of WEnergy Power Pilipinas, and Felix Taguiam of Decoline Inc.
“We did this by optimizing the use of renewable energy and non-indexed sources, by consciously looking for facility and process solutions that would bring less destruction to the environment, and by constantly inculcating the benefits of sustainability to employees and the other stakeholders,” Castro was quoted to have said in the release.
The rest of the release also said:
” Atty. Jobert Peñaflorida, Regional Governor of PCCI Region 6, was very ecstatic about the turnout of the business conference.
“We are truly proud of Mr. Roel Castro’s presentation on what MORE Power has accomplished for Iloilo City in just a little over two years, they have greatly improved the facilities and services as well as significantly decreased the cost of electricity and they did it all during the pandemic”, Peñaflorida emphasized.
He took notice of how all the other chambers in the Visayas wanted to replicate the success story of Iloilo.
“More Power’s strides in the power distribution sector are reflective of the continuing efforts of Iloilo to harness public-private partnerships as we all aim to recover together,” he concluded.
Iloilo PCCI President Mr. Fulbert Woo described MORE Power’s presence in Iloilo as “one of the ideals if not superb”, particularly the company’s Corporate Social Responsibility efforts.