Japan grants Php340-million for Mindanao Powerplant

  Photo Credit: VOA News

Photo Credit: VOA News

The Japanese and Philippine governments have signed an agreement yesterday to build a Php340-million energy project for Mindanao which will benefit 44,000 households.

The project, which will be funded by the Japan International Cooperation Agency (JICA), aims to support peace and development in the said conflict-affected region. 

“By helping resolve the power-supply issues in conflict-affected areas, we aim to help the Philippines create more economic activities in the region," said JICA Chief Representative Susumu Ito.

Mindanao is the second largest among the three main islands of the Philippines but household electrification in the area is only 72.38 percent.

“The project is expected to contribute to the long-term goal of lowering system loss by 13 percent, increase in-line capacity by 130 percent, and improve cooperatives’ power-distribution equipment installation and maintenance work in the Bangsamoro area,” noted Socioeconomic Planning Secretary Ernesto M. Pernia.

Source:

Business Mirror