Cebu province is preparing for major infrastructure improvements to alleviate traffic and boost economic growth that would require additional power.
Cebu’s business leaders said the area is experiencing transformative infrastructure projects and expanding industries, promising thousands of new jobs.
“In the coming three to four years, Cebu and its neighboring provinces are assured of an unprecedented surge in development,” former Cebu Chamber of Commerce Inc. president Charles Kenneth Co said.
The anticipated economic boom in the province will need the support of the power sector, and these initiatives include the Third Transmission Voltage Interconnection Project and the expansion of the Therma Visayas Inc. (TVI3) Toledo Power Plant of Aboitiz Power Corp.
Co said the 169-megawatt baseload capacity from TVI3 in Toledo is expected to eliminate Cebu’s reliance on imported electricity from other regions, thereby enhancing energy security and minimizing susceptibility to external factors.
Co said based on forecast by grid operator National Grid Corporation Philippines, Cebu’s power demand is projected to increase by 7 percent annually.
“Without the construction of new power plants within the next 3 to 4 years, there may be an imminent power shortage,” Co said.
He said this poses a significant challenge considering the three-to-four-year timeframe to build a power plant.
TVI, one of Cebu’s largest power plants, can provide a reliable and abundant power supply, essential for sustaining economic growth.
This will ensure that Cebu becomes a leading economic and cultural hub in the Philippines, moving confidently toward a brighter and more prosperous future.
Among the projects lined up for Cebu are road widening construction of the third Mactan Bridge, development of a subway system and the expansion of the Cebu International Airport.
Cebu, famous for its pristine beaches, culture and nightlife, is also set to boost its tourism sector with hotels, resorts and recreational facilities under development.
These include the Sheraton Cebu Mactan Resort, Radisson Blu Cebu, and the Movenpick Hotel Mactan Island Cebu.
Additional projects like the Mandani Bay Quay and Skywaterpark Cebu will offer various recreational facilities.
