THE Senate energy committee prefers keeping the Agus-Pulangi hydroelectric power facilities in Mindanao in government hands, but with professional management from the private sector installed. “If ever, the Senate will keep Agus-Pulangi in the portfolio of government gencos (power generation companies),” said Sherwin T. Gatchalian, chairman of the Senate committee on energy in a recent…
Tag: privatization
Surplus means rehab possible for Agus-Pulangi — DoE
The Department of Energy (DoE) said it is open to the idea of the Agus-Pulangi hydroelectric power complex in Mindanao to being rehabilitated before its eventual sale to the private sector. “We have more than enough [power supply] in Mindanao. Having more than enough it would be an opportune time to rehab,” Energy Secretary Alfonso G….
PSALM eyes Sucat plant privatization by 1st half 2017
THE Power Sector Assets and Liabilities Management Corp. (PSALM) has pushed back the target bidding schedule for the 850-megawatt (MW) Sucat thermal power plant in Muntinlupa City. Lourdes S. Alzona, PSALM officer-in-charge, told reporters on the sidelines of an energy investment forum on Tuesday that the target privatization would be in the first half of…
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….
Aboitiz keen on plant auctions
THE ABOITIZ power group is keen on participating in auctions for the remaining power generation assets that the government is planning to privatize within the next three years, its top official said on Wednesday. This comes as the Power Sector Assets and Liabilities Corp. (PSALM) announced that it was targeting to privatize next year the…
DOF wants all power assets sold in 3 years
The Department of Finance wants to sell all government power assets in a span of three years to boost revenues. “The original plan for PSALM (is) to get rid of the assets after five years. That was 10 years ago. We have to speed up their disposal of assets,” Finance Secretary Carlos Dominguez said. Pressed…
Duterte to open up power industry to foreigners if power firms don’t shape up
Incoming President Rodrigo Duterte warned local power companies he would open the market to foreign firms to bring cheap and stable power supply to the country if the local utilities didn’t shape up and deliver better services to consumers. Duterte said opening the country’s power sector to foreign investors would be more beneficial to consumers…
PSALM to decide on Sucat privatization next month
State-owned PSALM declared it will decide on the privatization of the decommissioned 850MW Sucat power plant at next month’s board meeting following a second failed bid for the plant earlier this month. Read more at http://m.philstar.com/315469/show/540a5a4c466a0f2b8d6e5174d0480444?t=68sd1e1cg8dibkp16h9v6vmto6
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