Reliable and cheaper power promote economic growth

BALANGA CITY, Bataan – The significance of cheaper power rate and reliable distribution system are positive instruments that triggered positive implications of Balanga as the burgeoning commercial hub and a fast growing component city in Central Luzon.
Renato V. Santos, Balanga City service center supervisor of the Peninsula Electric Cooperative, Incorporated (PENELCO) explained the dependable distribution method as exceptional business strategy of enhancing locators awareness of the great potential of the City as an educational, commercial and financial center of the province.
Citing the highly –competitive power cost per kilowatt hour consumption which is reportedly lower than the prevailing rate in Central Luzon and Manila Electric Company, Santos said a number of investors have expressed their satisfaction on the performance of the local power cooperative.
Although Balanga City ranks number three with 23,337 household connections out of 181,799 households in the province, still the growing business atmosphere remains high due to the expanding population and it’s ideally located as the commercial center of the province. .
Bataan, with 241 energized communities reportedly would benefit from the countryside economic boom, with the national government dispersal program of discouraging industrial and manufacturing firms in highly-congested Metro Manila, Santos said.
He said the new business concept of integrated mixed-use communities of constructing residential and office developments that incorporate retail, restaurant and entertainment venues would tremendously heighten the interest of multi-national entrepreneurs to Balanga City .
Santos added that top-notch power service, dependable and cheaper rate would make highly urbanized locations like the City of Balanga to lead in the economic growth of the province resulting to an expanded middle-class with a higher pay and better capacity for quality of life.