The Philippines' richest billionaire and one of its biggest sporting icons have joined in a development that could eventually benefit tourism and local businesses if long-running power disruptions are reduced.
Enrique K. Razon Jr. and boxing legend Manny Pacquiao are backing a proposal to modernise the electricity network serving General Santos City, Sarangani Province and neighbouring communities. If approved, the project could help reduce the chronic blackouts that have long disrupted daily life, businesses and, potentially, the visitor experience in the region.
More than 32,000 member-consumer-owners of the South Cotabato II Electric Cooperative (SOCOTECO II) have voted to support the proposed joint venture with IGNITE Power. The plan would inject private capital to rehabilitate, expand and modernise the ageing electricity distribution network, although it still requires regulatory approval before work can begin.
More reliable electricity could mean fewer interruptions at hotels, restaurants, attractions and transport hubs in a destination seeking to grow its tourism appeal.
SOCOTECO II Board President Elenito Senit said the proposed agreement would strengthen the cooperative's financial position while improving service reliability through long-overdue infrastructure upgrades.
The partnership must still be approved through a plebiscite of cooperative members, while the National Electrification Administration must issue implementing guidelines before a vote can be held.