“Primelectric’s commitment to innovation, ethical practices, and community welfare serves as a model for the entire industry”
CAN a new player in the Philippine power sector truly bring about a brighter, more sustainable future?
Primelectric Holdings, Inc. (PHI), led by visionary Roel Castro, is betting on it.
With its recent acquisition of a majority stake in Bohol Light Company Inc. (BLCI), Primelectric has set the stage for a transformative journey that promises to benefit not only the residents of Tagbilaran City but also the broader Filipino populace.
But can Primelectric deliver on its ambitious promises?
Primelectric’s foray into the power utility business has been nothing short of extraordinary.
This company, a subsidiary of the Enrique K. Razon Jr.-led More Electric and Power Corporation (MORE Power), has quickly established itself as a force to reckon with in the electric distribution sector.
Its growth has been underpinned by a steadfast commitment to providing exceptional products and services, ensuring consumers receive not just electricity, but a promise of reliability, innovation, and value for money.
The company’s recent acquisition of BLCI is a testament to its strategic foresight and financial acumen.
With a P1.0 billion capital outlay earmarked for the rehabilitation and modernization of BLCI’s distribution assets, Primelectric is poised to revolutionize power distribution in Bohol.
The planned upgrades, including the installation of state-of-the-art substations, will ensure a robust and reliable power system that meets the needs of the local community. This investment is not just about infrastructure; it’s about enhancing the quality of life for the people of Bohol by providing them with a reliable and affordable power supply.
But Primelectric’s success is not just about financial performance and technical prowess.
It’s also about the company’s deep-rooted commitment to ethical practices and environmental sustainability.
Primelectric has consistently prioritized community involvement, recognizing that true progress can only be achieved when the benefits of development are shared by all. Its efforts in maintaining the lowest distribution rates in Bohol and its adherence to high reliability standards underscore its dedication to serving the public good.
This approach has not only earned the company a strong reputation but has also solidified its standing as a leader in the power sector.
At the helm of Primelectric’s remarkable journey is Roel Castro, a leader whose visionary approach has driven the company’s success.
Castro’s leadership is characterized by a clear strategic vision, a relentless drive for innovation, and an unwavering commitment to ethical conduct.
His ability to set clear goals and execute them with precision has been instrumental in Primelectric’s rapid growth and expansion.
Castro’s leadership goes beyond just business acumen.
He is a master of team building, fostering a positive work environment where employees are empowered to contribute their best.
Under his guidance, Primelectric has attracted top talent and created high-performing teams that are capable of tackling the complex challenges of the power industry.
His open communication style and active listening have created a culture of transparency and collaboration, ensuring that every voice is heard and valued.
One cannot overlook Castro’s financial acumen, which has been a key driver of Primelectric’s profitability and growth.
His sound financial management has not only ensured the company’s stability but has also positioned it as an attractive investment for those looking to be part of a transformative force in the power sector.
Yet, perhaps what sets Castro apart the most is his unwavering commitment to ethical conduct.
He is not just a business leader but a role model who upholds the highest standards of integrity and social responsibility.
His dedication to promoting diversity and fostering a culture of inclusivity has made Primelectric a company that values not just profits, but people.
Castro’s contributions to the power sector are also a reflection of the values instilled in him through his membership in the Upsilon Sigma Phi fraternity.
As the Chairman of the Upsilon Sigma Phi Alumni Association, Castro embodies the fraternity’s motto, “We gather light to scatter” – by leading efforts to illuminate the path towards a brighter future for all Filipinos.
The fraternity’s long history of producing leaders who have shaped the nation’s political, social, and cultural landscape is a testament to the values of excellence and service that Castro brings to his role at Primelectric.
As we witness the unfolding of Primelectric’s transformative journey in the power sector, it is imperative to celebrate not just the company’s achievements, but also the leadership and vision of Castro.
Primelectric’s commitment to innovation, ethical practices, and community welfare serves as a model for the entire industry.
And under Castro’s guidance, it is clear that Primelectric will continue to lead the way in providing Filipinos with the power they need to build a better future.
In a time when the challenges of power distribution are as complex as they are critical, Primelectric and Castro stand out as pillars of hope, proving that with the right leadership and vision, progress is not just possible—it is inevitable.
Let us celebrate their contributions and rally behind their efforts to power a brighter, more sustainable future for all Filipinos.
