KALIBO, Aklan – Mayor Charito Navarosa of Libacao town sees his municipality booming in the next six months. He expects the entry of investors and tourists. Libacao will help boost the economy of Aklan, declared Navarosa, a second-termer mayor.
Libacao is a 30-minute drive from the capital town of Kalibo. Navarosa said his town is ideal for eco-tourism activities like river rafting, mountain-trekking and adventure camping.
‘Expect new economic and tourism developments in the next six months in Libacao with investors contributing to our potentials as tourist and investors’ haven,” he stressed during the regular Kapihan sa Aklan at Kusina sa Kalibo Restaurant here.
Independent power producer California Energy International (Calen) is investing $420 million in Libacao. It will build an 80-megawatt hydroelectric power project in Brgy. Dalagsaan.
Mini-hydropower plant investors like First Gen Renewables are also interested to put up in Libacao small dams with a capacity of 10 to 15 megawatts, Navarosa said.
A German investor is also shelling out P15 million for the reforestation of Libacao’s hinterlands, Navarosa revealed.
“We want investors to get involved in the planting of trees to protect denuded mountains and low-lying areas of Aklan,” Navarosa said.
He stressed a viable master development plan is being drawn up by architect Jose Mañosa to spur economic progress to include mining, tourism, agriculture, power generation and to entice foreign investments in his town.