By Frank E. Dosdos, Jr.
During the Mindanao Business Conference held here last week, PowerSource Group, a leading sustainable energy solutions company in the Philippines reiterated its commitment to support the economic and social group in the region.
PowerSource Group president Ricardo G. Lazatin, said company credited the City for crafting an attractive investment code to make the city viable for investment opportunities.
He emphasized that Powersource Philippines Energy, Inc., one of Powersource Group’s subsidiaries, heavily invested its resources in the City.
It was recalled that in the early 2000s, this City, dubbed as the Industrial City of the South went through a trying period of economic hardship and power outages and it was amidst this trying times that Powersource Group joined hands with the Iliganons and the Local Government to make this City an attractive Investment destination.
Believing in the growth potential of Ihis City, PPEI completed the construction of its world class hybrid power plant valued at around P3 billion in July last year, it was reported.
The embedded facility is unique in the sense that it is not reliant on being part of the grid to supply sustainable and uninterrupted energy to the plant even in the event of a massive grid blackouts in Mindanao it was learned
“Through a joint effort with the local government, other energy companies, and the local community want to help, protect and bolster Iligan’s energy future ,” Lazatin said.