The implementation of open access in the power industry will likely be moved to September 2011 if the expiration of the contract for the 650-megawatt Malaya thermal power facility will be awaited just so the 70-percent privatization threshold can be met. For legal open access to be in place, the Electric Power Industry Reform Act [...]
Archive for August, 2010
Open access implementation in power industry moved to next year (8/19/2010)
Posted in Manila Bulletin News, tagged Open Access on August 19, 2010 | Leave a Comment »
Separation of NPC, PSALM accounts up (8/19/2010)
Posted in Manila Bulletin News, tagged NPC, PSALM on August 19, 2010 | Leave a Comment »
With the flurry of complaints from National Power Corporation (NPC) suppliers not being paid, Energy Secretary Rene D. Almendras noted that he will push for the “downstreaming” of the power firm’s book of accounts with that of the Power Sector Assets and Liabilities Management Corporation (PSALM). The energy chief told reporters that board meetings will [...]
Private sector seeks market-based pricing (8/19/2010)
Posted in Manila Bulletin News, tagged Energy pricing, EPIRA on August 19, 2010 | Leave a Comment »
To entice new power investments To entice immediate flow of investments for new power projects, a market-based pricing is being pushed as a policy underpinning, but the formula as to how to arrive at that is still not there. At the government’s economic briefing, Makati Business Club (MBC) chairman Ramon V. del Rosario articulated once [...]
Agus-Pulangi privatization deferred to attract investors (8/19/2010)
Posted in Business World News, tagged Hydro energy, Mindanao, Privatization on August 19, 2010 | Leave a Comment »
PRIVATIZATION of the Agus-Pulangi hydroelectric power plant in Mindanao has been deferred by the Department of Energy (DoE) in hopes of managing electricity prices in the region to attract investors. Energy Secretary Jose Rene D. Almendras told reporters that the DoE is recommending to Congress to amend the Electric Power Industry Reform Act of 2006 [...]
Napocor’s P15-B bond sale shelved (8/19/2010)
Posted in Business World News, tagged Missionary electrification, NPC, SPUG, Universal charge on August 19, 2010 | Leave a Comment »
A BOND sale supposed to finance state-owned National Power Corp.’s (Napocor) missionary electrification projects has been halted by the Department of Energy (DoE). Energy Secretary Jose Rene D. Almendras told reporters in an interview at the sidelines of the government’s midyear economic briefing the department would be studying the business model of Napocor for its [...]
DOE sees need for national oil stockpile (8/17/2010)
Posted in Philippine Star News, tagged Oil stockpile on August 17, 2010 | Leave a Comment »
The Department of Energy (DOE) said it sees the need to put up a national oil stockpile as some countries in the region have been discussing the idea of establishing their own oil stockpiling facilities. But Enegry Secretary Jose Rene Almendras said in the case of the Philippines, there are still several factors to consider [...]
ERC approval sought on Hedcor-Davao Light power supply contract (8/17/2010)
Posted in Manila Bulletin News, tagged EPSA, Power supply on August 17, 2010 | Leave a Comment »
The approval of the Energy Regulatory Commission (ERC) is being sought for the renegotiated electric power supply agreement (EPSA) between Hedcor Inc. and Davao Light and Power Co. (DLPC) to meet the latter’s future supply requirements. The power supply to be drawn by DLPC will be coming from the 1.0-megawatt mini-hydropower facility of Hedcor. The [...]
DoE pushes ‘one-stop shop’ approval and licensing for new power projects (8/17/2010)
Posted in Manila Bulletin News, tagged Generation, Investments, One-stop shop on August 17, 2010 | Leave a Comment »
The Department of Energy (DoE) is pushing for the establishment of ‘one-stop shop’ that will aid project sponsors on their licensing and other requirements for approvals on new power plant ventures. Energy officials noted that such policy will also cover reportorial requirements that the DoE will need in monitoring proposed power projects. Power investors have [...]
TeaM Energy explores mini-hydro projects for RE portfolio compliance (8/16/2010)
Posted in Manila Bulletin News, tagged Generation, Hydro energy, Renewable energy on August 17, 2010 | Leave a Comment »
Japanese joint venture firm TeaM Energy Philippines has been exploring mini-hydro projects as part of its future venture in the country and also integrate such into its compliance to the renewable portfolio standard (RPS) prescribed under the Renewable Energy Act. “We are looking at mini-hydros…initially, we have prospects in Luzon for 3 to 5 megawatts [...]
3 new energy bills proposed as top priority measures (8/16/2010)
Posted in Manila Bulletin News, tagged Energy efficiency, Energy Reform Agenda, EPIRA, LPG, Natural gas on August 17, 2010 | Leave a Comment »
Apart from the proposed amendments to the Electric Power Industry Reform Act (EPIRA), three new energy measures are being proposed to Congress to be given “priority treatment” given their profound impact to energy supply as well as on safety concerns. These are the proposed Energy Efficiency and Conservation Bill, Liquefied Petroleum Gas (LPG) Bill, and [...]
