Panay Energy Development Corp. (PEDC), a subsidiary of Metrobank Group’s Global Business Power Corp. (GBPC), is offering a generation rate of P5.05 per kilowatt hour (kWh) to electric cooperatives in the Visayas through its 150-megawatt power expansion project in Iloilo City.

The company said it has offered members of the Panay-Guimaras Power Supply Consortium (PPSC) a generation rate of P5.05 per kWh for a contract period of 20 years.

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