GLOBAL BUSINESS POWER CORPORATION, one of the largest power producers in the Visayas, celebrated its 13th year of operations with a management convocation attended by the senior management and heads of departments from all sites. GBP’s management convocation kicked-off the company’s annual planning process to set major targets for 2017. With ‘A New Beginning. A New Strength’ as theme, the power producer gears up for bigger opportunities, especially with the recent changes in the organization. In his address to the assembly, GBP president Rolando T. Bacani (seated fourth from right) said that, “As we gain new strength and strategic business platform, the need to work together has never been greater. Let us continue with our good start and be ready to step up to the new challenges ahead of us.”
Operating mainly in Cebu and Iloilo, the GBP Group has a combined generating capacity of 704 MW. The Group is ramping-up operations to face an evolving market, with increased demand for power amid a growing economy as well as heightened competition. In August, GBP is set to deliver another 150MW with the start of commercial operations of the expansion project of subsidiary Panay Energy Development Corporation. Metro Pacific Investments Corporation, through Beacon PowerGen Holdings Inc., recently entered into a share purchase agreement with GT Capital Holdings to acquire 56 percent stake in GBP.