MORE Power Iloilo Adds 1.1B Investment for Modernization: More Electric and Power Corporation (MORE Power Iloilo) adds 1.1 billion to speed its modernization efforts for Iloilo City, totaling to 3 billion in investment. This is announced by MORE Power Iloilo President Roel Castro after approving the aforementioned budget allotted for 2022 to 2025.
It may be recalled that the distribution utility made a capital expenditure of 1.9 billion to spearhead its operation in 2020. The budget was used to rehabilitate facilities and improve power distribution to consumers. Other activities include reconditioning of power transformers of five substations, replacement of dilapidated poles, the addition of distribution transformers, and replacement of damaged electric meters.
More Power also added a mobile substation to support the Mandurriao substation and suffice the power needs of the growing business area in Megaworld. Moreover, automatic circuit reclosers were installed to reinforce the protection system of distribution networks – this innovation resulted in lesser unscheduled power interruptions and speed up the restoration of power.
The DU also established the 69kV Banuyao Switching Station in Lapaz to connect the facility to the National Grid Corporation of the Philippines – this resulted in lesser power costs for consumers and allowed More Power to source power from power plants with the lowest cost.
System loss was also reduced to 7.8% from 28% due to More Power’s intensive campaign against power pilferage. To date, there are approximately 86,000 More Power Iloilo consumers from the previous 64,000.
According to Castro, the additional 1.1 billion will be pivotal to spearheading the DU modernization efforts in the next three years. He also revealed that three more substations will be added to supply the growing power demand of Iloilo City. The substations will be situated in Megaworld and Arevalo, and another mobile substation will be in place to supply power while an existing substation is rehabilitated.
Moreover, all substations and feeders will be connected for looping, and a Supervisory Control and Data Acquisition (SCADA) System will be in place to digitize the monitoring of facilities. With all these efforts, More Power can assure consumers of reliable, stable, and quality power distribution and service for a better and progressive Iloilo.