‘Diversion’ of $101M ADB loan from solar projects to e-trikes hit

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Local groups on Monday questioned the alleged reallocation of the $101-million loan from the Clean Technology Fund that was supposed to be used for a major solar generation initiative but was instead diverted to an electric tricycle (E-trikes) project.

In a statement issued Monday, the Freedom from Debt Coalition and Greenpeace claimed that the Department of Energy (DoE) and the Asian Development Bank presented a Revised Clean Technology Fund (CTF) Investment Plan for the Philippines in a meeting of the CTF Trust Fund Committee early in November in Washington, D.C.

Based on the original plan of 2009, a total of $125 million was allocated for renewable energy and energy efficiency programs of the country. In the Revised CTF Investment Plan for the Philippines, the amount was divided to $24 million for energy efficiency and $101 million for e-trikes.

The groups cited the lack of transparency on the part of the government as they alleged that the plan was revised without public consultation.

“How can the DoE and ADB reallocate $101 million for solar generation to e-trikes without consulting civil society, renewable energy advocates, industry members and finance groups?” said FDC secretary general Milo Tanchuling.

Tanchuling stressed that sustainable transport and renewable energy are urgently needed by the Philippines. FDC, he further said, is now seeking for explanations about the basis for the reallocation of funds and if new financing terms forged that may result in future indebtedness.

“Why does it appear as if the document prepared by the ADB with DoE implies that the government has abandoned solar and biomass? If true, this is tantamount to an abdicaton of commitment made by the government to transition towards a clean energy future. We intend to get to the bottom of this,” added Francis de la Cruz, Greenpeace Southeast Asia climate and energy campaigner.

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  • Anonymous

    Here are the numbers:
    Planned number of e-trikes to be deployed nationwide:  3 million
    Cost of e-trikes to recipient/buyer: P200,000
    Cost of e-trikes sourced from China: P120,000
    P80,000 patong per e-trike times 3 million=P240 billioneses.
    Swerte ng mga nakaisip nito!!!

    Kikitahin mo ba yan sa renewable energy?

  • Anonymous

    oi wag kayo maingay kasi ang 343M nyan ang ginamit ng funding sa e trikes…ang 4B, sahod sa techincal support, sa management, sa training papano mag drive ng e-trikes…bwesit!

    Transparent yan no!

  • Anonymous

    Oops, tama ka nga tahimik1. Salamat. Na-duling kasi kami sa dami ng zeroes.

    Still 4 Billion 343million for e-trikes! Php 1 Billion lamang ang budget para sa NAIA1 upgrade.

    Whether 4 Trillion+ o 4 Billion+  for e-trikes, napa sali ka pa rin, tahimik1, sa discussion dito, kasi scandalous sum pa rin.:-P :-)

  • Anonymous

    Let’s do the math here. $101,000,000 for e-trikes. $101,000,000 times Php43.00 = Php 4,343,000,000. Please will somebody check my math. Jurassic kasi ang calculator ko. Kaya lang ang 8 digits. Tama ba eto Php4 trillion 343million for e-trikes!

    What happened to the so-called transparency and accountability mechanisms ng Asian Development Bank?

    • Anonymous

      mali math mo ate diana… 4Billion lang po… d:)

  • Anonymous

    Tricycles are the bane of the environment in cities.  Just look at how choked up Antipolo is.  Many cities are not far behind and they still keep letting more on the road.  Two-stroke engines are notoriously inefficient and an assault on the senses day & night.  Something must be done.  It’s a toss-up … biomass & solar versus e-trikes?  e-trikes wins it for me.

  • Nic Legaspi

    $101 million for e-trikes?!

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