from initial public offering

fund the equity portion of its hydropower projects, the development and acquisition of renewable energy projects and operating and working capital requirements.

The company, a subsidiary of Pure Energy Holdings Corp., earlier said it planned to spend P15 billion to develop 50 megawatts of capacity and other possible RE projects in the next three to five years. Its projects under development include the 15-megawatt Pulanai mini-hydro power plant in Bukidnon and the 4.5MW Piapi mini-hydro power plant in Quezon which are expected to come online by 2025.

The company’s portfolio of operating and income-generating mini-hydro power plants include the 1.5-MW Palakpakin, 1.1-MW Balugbog, 300-kilowatt

Calibato, 2.19-MW Majayjay, 1.6-MW

Inarihan, 3.456-MW Upper Labayat, 5-MW Tibag and 1.4-MW Lower Labayat facilities.Jenniffer B. Austria

“During blackouts, it takes 10 to 15 minutes for the generators to run and, in that time, the fish becomes spoiled and the smell of rotting fish was so strong. Today, people no longer complain about that,” she said.

Pareha said more investors were coming into the city such as malls and large real estate projects.

Business process outsourcing companies and call centers also started to take interest in Zamboanga City’s potential.

“When investors come in, they want stable electricity first and second water supply. Today, many businesses are coming in and Zamcelco has to be ready for that,” Pareha said.

Zamboanga City councilor Vincent Paul Elago said Zamcelco’s GetSET25 (Get Stable Electricity Twenty-25) campaign would help ensure better services and stable power.

“This is really meant to bring about a better Zamcelco, which means better provision of power energy, electricity to the people of Zamboanga...We never saw anything as aggressive as what they trying to do with a timeline 2025,” Elago said. Alena Mae S. Flores