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CLARK FREEPORT, Pampanga: Locators and investors in
this new free port confirmed the recent announcement that the
reduction of power rates effective last month was part of Palace’s
efforts to help investors in the country.
Locators at the Clark Freeport
Zone alone will benefit from power cut and are expected to save at
least P40 million a month this year because of Mrs. Arroyo’s
economic gains last year.
There are more than 350 active
locators in Clark expected to benefit from the approved reduced
power rates by the Energy Regulatory Commission recently.
Clark Development Corp. President
Levy P. Laus said current economic gains make Clark, not only
attractive to prospective local and foreign investors but also to
established locators most of whom now consider expansion.
The CDC regulatory department
reported that a discount of P.25 a kilowatt-hour for Clark has
brought down further the power rate in Clark to about Php5.33 per
kilowatts hour compared to the October 2006 rate of 5.58/kwh.
Reports stated that the reduced
rates translate to an approximate savings of P0.63 million a month
to an individual locator that consumes the highest power load in
Clark.
--Mark Louie P. Roxas
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