PAVI power firms to deliver 21.27MW to 60,000 homes

BY LENIE LECTURA – OCTOBER 31, 2022
from Business Mirror

PRIME Asset Ventures Inc. (PAVI), through their constituent power companies S.I. Power Corp. (Sipcor) and Camotes Island Power Generation Corp. (Campcor), is expected to deliver soon 21.27 megawatts (MW) to serve 60,000 households in the said municipalities.

“We’re detecting an increase in demand due to the holiday season. PAVI through Sipcor and Campcor has built the necessary infrastructure to serve these previously underserved and un-electrified Filipino households,” said Jose Rommel C. Orillaza, PAVI’s President for Power Group. “We aligned our business goals with the government’s direction, in order to help prioritize rural electrification, as we believe this will also contribute to overall economic recovery.”

The Department of Energy (DOE) has previously stated that rural electrification is a top government priority. The agency reported last year that there were over 1.6 million households without connection and access to electricity, 500,000 of these families reside in the Visayan area.

“In this day and age, it’s hard to believe that there are still Filipino communities in off-grid areas with no stable source of electricity. Our presence in these underserved areas is helping the government and the DOE in reaching 100 percent electrification in all households, thus improving the well-being and quality of lives of thousands of households and not to mention providing support to hundreds of MSMEs through the provision of power,” added Orillaza.

Sipcor currently has a 20-year power supply agreement (PSA) with the local power cooperative, Province of Siquijor Electric Cooperative Inc. It is providing 12.86MW of power through bunker-fired power generation facilities and power stations.

Campcor has a 15-year power supply agreement with the power distribution utility of the island, Camotes Electric Cooperative Inc. Located in municipalities of Poro and Pilar in Camotes Island in Cebu, Campcor is supplying residents a total of 8.41MW of power through their diesel plants and generating units. The company will also be providing ancillary services to power distribution system that includes load-following, reactive power support, and voltage regulators.

Sipcor and Campcor are under the power group of PAVI.