THE ILOILO ADVANTAGE
Cost of Business
Iloilo is a sought-after business destination because of its ease of doing business. Getting a business permit takes as short as 30 minutes, faster than it took a decade ago when there were 27 steps to accomplish to complete a permit.
The growth of Iloilo is supported by a stable power supply that address current demand requirements and projected future demand for electricity.
The Panay Energy Development Corporation operates a 164-MW coal-fired power plant at the heart of Iloilo City. It expanded with an additional 150-MW generating facility in 2015 and it became operational in June 2016.
Also in operation is a two-unit, 135-MW coal-fired power generating facility In the north-eastern municipality of Concepcion, Iloilo – the Palm Concepcion Power Corporation.
The expansion of power projects in Panay Island have stabilize electricity supply for the entire region and it resulted to a reduced power cost. Iloilo City has started to attain improvement in terms of efficiency in power distribution with the granting of franchise to MORE Electric and Power Corp. (MORE Power).
The Metro Iloilo Water District (MIWD) supplies the potable water requirement of Iloilo. Additional supply for agriculture, industrial and domestic consumption is anticipated upon the completion of the Jalaur River Multi-Purpose Project Stage II – the first large-scale reservoir dam outside of Luzon.
Jalaur River Multi-Purpose Project Stage II will provide uninterrupted irrigation water supply to 32,000 ha of farm land, in addition to an estimated 86,000 cubic meters of potable water. The project has an additional 6.6-MW hydroelectric component.
The Philippine and South Korean governments have signed a deal on official development assistance funding for the P11.2bn ($262m) project. Its completions is set in 2023.
The MIWD and MetroPac Water, a subsidiary of Metro Pacific Investment Corporation, has entered into a joint venture agreement to operate and maintain a bulk water project which seek to rehabilitate, operate and maintain Metro Iloilo water production facilities in the next 25 years.
Look at the numbers below:
The Provincial and City governments has maintained a system that makes investments easy for new businesses. Check below the assistance package and incentives: