The Western Visayas or Region 6 composed of six provinces including Iloilo province continues to benefit from the investment committed by businessman and tycoon Enrique K. Razon, Jr. Particularly, Razon’s investments in the power sector in the region help its economic growth. Just recently, MORE Electric and Power Corp., or MORE Power inaugurated
Razon-led MORE Electric and Power Corporation (MORE Power) had so far invested P1.3 billion for the upgrade of the power distribution system in Iloilo City that it took over from Panay Electric Company (PECO) in 2020.
MORE Power President and CEO Roel Castro, nevertheless, indicated that “ther
Razon-led MORE Electric and Power Corporation will be expanding its power distribution business in Iloilo province, after the proposed amendments to its 25-year power utility franchise had lapsed into law last July 30.
Under Republic Act 11918 or the modified MORE Power franchise, it was expre