Energy department mulls options for Agus-Pulangi privatization

THE Department of Energy (DoE) is looking at other options on how Mindanao’s main power source, the Agus-Pulangi hydroelectric plants, will be privatized.

Energy Undersecretary Felix William B. Fuentebella said the department is considering the transfer of the hydropower complex to PNOC Renewables Corp. (PNOC RC), a subsidiary of DoE-attached agency Philippine National Oil Co. (PNOC)

Finance Secretary Carlos G. Dominguez III had earlier directed the DoE to hasten the sale of the power plants, which are managed by state-owned Power Sector Assets and Liabilities Corp. (PSALM). Republic Act 9136 or the Electric Power Industry Reform Act of 2001 (EPIRA) calls for their transfer to private hands.

Read more here.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s