Cebu is in the midst of a golden age in development, bolstered by widespread infrastructure development, new world-class tourism destinations adding to the region’s already rich treasure trove of vacation spots, and impressive industrial growth. But none of these would be possible without an ample energy supply.
That is why AboitizPower has become an integral partner to Cebu and its business community. With its roster of ongoing projects, it is set to power this new age in Cebu’s storied history.
Energy Dependence
Former Cebu Chamber of Commerce and Industry (CCCI) president Charles Kenneth Co believes that the time is ripe for an economic boom in the region. “In the coming three to four years, Cebu and its neighboring provinces are assured of an unprecedented surge in development,” he said.
The former CCCI chief notes that Cebu’s energy requirements will consequently increase, making the region’s energy dependence a top priority for the coming years. The National Grid Corporation of the Philippines (NGCP) projects the increase to be at seven percent annually.
“Without the construction of new power plants within the next three to four years, there may be an imminent power shortage,” Co said. This is indeed a tall task, but AboitizPower is more than prepared to meet the challenge.
Power Reinforcement
The power supply problems in Cebu may soon become a thing of the past with the Third Transmission Voltage Interconnection (TVI) Project and the expansion of the Therma Visayas Inc. (TVI3) Toledo Power Plant. These initiatives, spearheaded by AboitizPower, are aimed at addressing Cebu’s longstanding power issues.
The TVI3 expansion involves the addition of 169 megawatts (MW) baseload capacity in Toledo, Cebu. This influx of new power is seen to mitigate Cebu’s reliance on imported electricity from other regions, making its energy security more reliable.
TVI is one of Cebu’s largest power plants. It is a highly reliable and abundant power supply, which makes it a catalyst for Cebu’s further economic growth. The power it generates can be felt in the waves of development spreading across the region.
Infrastructure Growth
Among the most visible developments are in Cebu’s infrastructure, as the city gears up for exciting upgrades aimed at easing traffic and boosting economic growth.
Key projects include the expansion of Sergio Osmeña Jr. Boulevard, M.J. Cuenco Road, and N. Bacalso Road. Road improvements are also planned from P. Del Rosario Street and N. Bacalso Avenue to M.J. Cuenco Avenue, right in front of Plaza Independencia, as shared by Cebu City Transportation Office (CCTO) assistant department head, Kent Francesco Jongoy.
These efforts are part of a broader initiative to enhance the region’s transportation efficiency. The construction of the third Mactan Bridge is another pivotal project set to reduce traffic congestion and stimulate economic growth by improving access to vital areas for tourism and industry.
And it doesn’t stop there, as future infrastructure plans include developing a subway system and expanding the Cebu International Airport. These initiatives are expected to attract more investments, ensuring continuous economic growth and prosperity for the region.
Further Tourism Expansion
Cebu is enhancing its transportation networks, including the Mactan-Cebu International Airport and the Cebu-Cordova Link Expressway, to improve connectivity. This will be a welcome boon to the region’s already world-famous tourism.
Over the past few years, Cebu has seen the development of new hotels, resorts, and recreational facilities to accommodate its growing number of visitors. Among these are the Sheraton Cebu Mactan Resort, Radisson Blu Cebu, and the Movenpick Hotel Mactan Island Cebu. Additional projects like the Mandani Bay Quay and Skywaterpark Cebu will also further cement the region as a must-visit.
With the combination of more reliable power sources and improved accessibility brought about by better infrastructure, more tourists will get to enjoy Cebu’s iconic beaches and culture.
Energizing The Economy
Further upgrades to Cebu’s power infrastructure include the Cebu-Cordova Link Expressway and Cebu Bus Rapid Transit system, enhancing transportation and logistics in and around the city. All of these translate to greater economic activity in the area.
Industrial production can increase and more job opportunities will be created, all thanks to a more robust power supply. AboitizPower continues to stand ready as an active partner in Cebu’s growth, giving the region all the power it needs to build its future.