GBP supports Iloilo City molecular laboratory
GLOBAL Business Power Corporation (GBP), through subsidiaries Panay Energy Development Corporation (PEDC) and Panay Power Corporation (PPC), has supported Iloilo City and its efforts to fight COVID-19 through Energy Regulations 1-94 (ER 1-94) funds.
More recently. the local government of Iloilo City was able to accommodate the development of the Uswag Iloilo City Molecular Laboratory in Molo district, with a total budget of P53 million, using Iloilo City and Barangay Ingore’s ER 1-94 fund share out of PEDC and PPC’S electricity sales.
The molecular lab in Molo can process as much as 600 samples daily with a turnaround time of 24 hours. With the development of the said lab, residents of Barangay Ingore now have access to COVID-19 PCR tests and other lab services.
“Beyond the provision of stable power supply, GBP is committed to helping Iloilo City in its response against COVID-19. We hope that this molecular laboratory will enable faster release of reliable results and in effect, mitigate the spread of the virus,” shared GBP President Jaime T. Azurin.
The ER 1-94 program stipulates that host communities are entitled to financial benefits of onecentavo for every kilowatt-hour (P0.01/kwh) of the total electricity sales of generating companies to finance electrification, livelihood and development projects. Pursuant to the Department of Energy’s Department Circular No. 2020-04-0008, ER 1-94 funds can be used to help local government units in their fight against the pandemic.
True to its commitment of enlightening lives and empowering progress, GBP is a dedicated partner of the nation in raising the quality of life of the Filipino and fueling economic development. GBP, with a total gross capacity of 1,091 MW, has diversified power generation facilities that are capable of supplying base, intermediate, peak load and ancillary support.