This after they successfully endorsed the project to the National Economic and Development Authority's Investment Coordination Committee Technical Board (Neda-ICC-TB).during a recent meeting at Neda's Ortigas Center headquarters.
Aumentado is bullish over TransCo's project as it will provide more efficient and more dependable power with trip-offs reduced to the barest minimum.
He also said the project will be funded with TransCo internally generated income, hence, no need for Official Development Assistance (ODA) or outside loans.
The project proposes to expand the existing Ubay sub-station and install high-tension steel towers like those stringing the cable from the island municipality of President Garcia to Ubay town.
The new steel towers will string the "backbone" line from Ubay to Corella town.
"With the backbone project, trip-offs and blackouts especially those caused by falling coconut palms or tree branches will be things of the past," Aumentado said.
A more dependable and sufficient power is a must for Bohol's burgeoning tourism industry, he added. - June Blanco, Sunday Post