The state-run Government Service Insurance System or GSIS is looking to invest in the power industry as way of giving cheaper electricity costs to many Filipinos.
“Ang presyo po ng kuryente dito sa Pilipinas as napakataas kung ito ay matulungan naming ipababa sa pamamagitan ng paghahanap ng economically viable power companies to investment in para ho bindi lang ang malalaking kumpanya ang kayang mag produce ng kuryente (Our electricity costs here in the Philippines is so high, if we can help lower it by searching for economically viable power companies to invest so that it’s not just the big companies that can produce power),” GSIS president and general manager Jose Arnulfo “Wick” Veloso said during his press conference with Davao City reporters yesterday (Sept. 15).
Veloso said these include investments in clean, renewable power sources.
“As much as possible we would like to be able to have clean renewable, the sooner we can shift,” Veloso said.
Aside from power the GSIS is looking at investments in water supply that can help provide clean drinking water to Filipino households, housing, telecoms particularly in fiber optic projects, medical facilities, education and infrastructure.
“Napakarami pong naming magawa (we can do so much) by also aligning the investments of GSIS with the good story of the country,” Veloso said. (PIA/ RG Alama)
