GLOBAL Business Power Corp.’s (GBP) subsidiary Panay Energy Development Corp. (PEDC) and members of the Panay-Guimaras Power Supply Consortium (PPSC) have signed a power supply deal that is intended to provide lower power costs to the region.
In a disclosure to the Philippine Stock Exchange (PSE), GBP said the agreement will take effect starting July 2016 and will be sourced to Panay Energy’s 150 megawatt (MW) expansion project.
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