Global Business Power Corporation (GBP), through subsidiaries Panay Energy Development Corporation (PEDC) and Panay Power Corporation (PPC), has supported Iloilo City and its efforts to fight COVID-19 through Energy Regulations 1-94 (ER 1-94) funds.
Recently, the Iloilo City government was able to accommodate the development of the Uswag Iloilo City Molecular Laboratory in Molo district, with a total budget of P53 million, using Iloilo City and Barangay Ingore’s ER 1-94 fund share out of PEDC and PPC’s electricity sales.
The molecular lab in Molo can process as much as 600 samples daily with a turnaround time of 24 hours. With the development of the said lab, residents of Barangay Ingore now have access to COVID-19 PCR tests and other lab services.
“Beyond the provision of stable power supply, GBP is committed to helping Iloilo City in its response against COVID-19. We hope that this molecular laboratory will enable faster release of reliable results and in effect, mitigate the spread of the virus,” shared GBP President Jaime T. Azurin.
The ER 1-94 program stipulates that host communities are entitled to financial benefits of one-centavo for every kilowatt-hour (P0.01/kWh) of the total electricity sales of generating companies to finance electrification, livelihood, and development projects.
Pursuant to the Department of Energy’s Department Circular No. 2020-04-0008, ER 1-94 funds can be used to help local government units in their fight against the pandemic.
True to its commitment of enlightening lives and empowering progress, GBP is a dedicated partner of the nation in raising the quality of life of the Filipino and fueling economic development.
GBP, with a total gross capacity of 1,091 MW, has diversified power generation facilities that are capable of supplying base, intermediate, peak load, and ancillary support.