GBP, Iloilo City team up for La Paz Plaza development

MANILA, Philippines — Global Business Power Corp. (GBP) has teamed up with the local government of Iloilo City for the P15-million redevelopment of the La Paz Plaza – the city’s largest park and among the most visited recreation places in the area.

GBP’s units, Panay Energy Development Corp. (PEDC) and Panay Power Corp. (PPC), will work with the Iloilo City government for the P15-million public-private development project.

The project, which shall transform the existing plaza lagoon into a ‘Blue Koi Lagoon’ and establish a ‘Green Butterfly Garden,’ is targeted for implementation within the month.

Located within GBP’s two adopted barangays in Divinagracia and Lopez Jaena Norte, the improvement of Iloilo City’s widely renowned park is intended to promote the La Paz Plaza as a cultural and tourism spot.

“Being the host city of our power plants, Iloilo has been more than welcoming and supportive of our company’s endeavors through the years. In return, we have always aimed to create and participate in meaningful projects that would help raise the quality of life and contribute to the overall wellbeing of the community,” GBP president Jaime Azurin said.

“We sincerely hope that through this development project, we can be of assistance in elevating the La Paz Plaza as a modern recreation area for culture and sports, wherein residents and tourists could enjoy, unwind and nurture creativity,” he said.

In addition, GBP also recently turned over Dungon seedlings to the Iloilo City local government unit  to aid in propagating the mangrove species within the recreation grounds.

This aims to increase the population of the tropical wetland tree, significantly contributing to the overall restoration of various waterways and rivers traversing the city.

GBP is a wholly owned subsidiary of Meralco PowerGen Corp. (MGen). As a member of the One Meralco Group, GBP is one in powering the good life of the Filipino through meaningful partnerships with the government that aim to make meaningful impact and lasting value for the community.

With a total gross capacity of 1,091 megawatts (MW), GBP has diversified power generation facilities in Visayas and Mindanao which are capable of supplying base, intermediate, peak load and ancillary support.

The company now has a gross capacity of 2,446 MW with the combined capacity of GBP and MGen.

The Meralco Group targets to build a 1,500-MW renewable energy portfolio through 2027 as part of its commitment to help ensure energy security through clean, cost-competitive and sustainable power.