As of 2014:Q4, GCGI
comprised just 49 percent of government spending, its lowest share on record.
While the lower rates are supposed to take effect from next year until 2016, Diaz de Rivera said GCGI
was open to putting them in effect earlier to allow Ceneco, Noneco and Noceco's memberconsumers to enjoy the same benefit.
In addition, GCGI also confirmed for lifting supply from 12 megawatts (MW) up to 15 MW of power for one year, effective September 2014 to September 2015, and from September 2015 until December 2040, up to 18 MW.
As per Richard Tantoco, GCGI President stated that firms cost structure gives Capelco the benefit of stable and predictable prices.
We are delighted that Capelco and GCGI have mutually decided to move forward with the partnership.
According to GCGI president Richard Tantoco, the generation firm s price structure granted benefit to Capelco of stable and predictable prices.
Tantoco said, With power supply in Panay (traditionally) coming from imported fossil-fuel based sources, GCGI effectively helps Capelco minimize their risk from unpredictable foreign exchange rate fluctuations and volatile global fuel price movements.