President Ferdinand "Bongbong" Marcos Jr. announced the revocation of Siquijor Island Power Corporation's (SIPCOR) permit to operate due to a lack of improvement in its power supply services.
Marcos stated that the government takeover of SIPCOR was necessary as the service showed no improvement.
The Energy Regulatory Commission (ERC) ordered a shutdown of the Villar-owned SIPCOR after it violated multiple operational and regulatory requirements.
The Province of Siquijor Electric Cooperative (PROSIELCO), alongside the ERC and the National Electrification Administration (NEA), will now supply power to the island.
President Marcos led the ceremonial switch-on of the new 17.8-megawatt power plant, which is projected to supply more than the island's nine-megawatt requirement.
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