Iloilo News & Events

RAZON, TAN INVEST MORE IN ILOILO CITY

Business-friendly Iloilo City continues to benefit from bigwigs pouring in billions of investments in the metropolis.
Mayor Jerry Treñas welcomed the big developments which help generate employment opportunities and economic activities.
Treñas thanked MORE Electric and Power Corp. owner Enrique Razon, Jr. and Megaworld Corp. Executive Vice President Kevin Tan who visited the metro to inaugurate the new 30/36 MVA substation at Iloilo Business Park in Mandurriao district and discussed pipeline projects March 22.
Aside from electricity modernization, MORE has also started planning for underground cabling of wires at downtown heritage center Calle Real while International Container Terminal Services Inc. (ICTSI) has planned the upgrade to international standards of Iloilo Commercial Port Complex in Loboc, Lapuz.
“These efforts have greatly improved the quality of life for our people, and we look forward to continuing our partnership to enhance the living standards of Ilonggos. We’re thrilled to be working with them to bring these transformative projects to life,” Treñas stressed.
“This enables us to improve quality of life, and prompt holistic development. I am very optimistic that there will be more from MORE,” he added.
“This project is a testament to our commitment in supporting the growth and development of the local community, by providing reliable and sustainable power supply. We are proud to have been part of Iloilo’s journey, towards progress and will remain committed to contributing in the region’s economic and social development,” said Razon.
The improvement compliments the 72-hectare Megaworld township designed to be resilient and self-sustaining master-planned community.
“This new state-of-the-art facility built on a 906-sqm. site can accommodate two 30-megawatt transformers and will boost power supply stability. This is an important development for us as this will support Iloilo Business Park’s further expansion and ability to attract investments and sustain new businesses,” said Tan.
He added they are looking at 20-hectare expansion and new high-impact projects. (Iloilo City PIO)
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