Cebu business community bats for sustained growth

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The fastest growing region in the country today, Cebu is a vibrant province where tradition seamlessly blends with modernity. The thriving hub has attracted a diverse mix of local entrepreneurs and international investors, transforming Cebu into a powerhouse hosting economic dynamos Lapu-Lapu , Mandaue and Cebu cities.

“Cebu City has always been a hub for innovation, creativity, and talent. With our rich culture and heritage and dynamic population, Cebu is the perfect place to invest in creative entertainment industries.” Ronaldo Ramos, Chief Operating Officer of AboitizPower Thermal Business Group’s Operated Assets, spoke of the present challenges to Cebu’s energy security including the Visayas region’s very thin energy reserves to begin with, and the fact that Cebu represents more than half of the region’s demand.

Ramos’ statement aligns with Cebu’s current economic growth momentum. As Cebu continues to develop, the need for dependable energy sources becomes increasingly crucial. Integrating renewable energy with baseload energy is essential to maintaining a stable and adequate energy supply that supports both current demands and future growth.

He also emphasized AboitizPower’s commitment to integrating renewable energy sources and innovative technologies to drive urban sustainability and resilience and reintroduced the role of collaborative efforts between the public and private sectors in achieving these goals, coupled with initiatives advocating for policies that prioritize environmental stewardship and social inclusivity.

 

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