Aboitiz-led Therma South Inc. is seeking regulatory approvals to implement its power supply agreements with two electric cooperatives in Mindanao, as these contracts will help ensure adequate and reliable power supply by 2015.
Power rates in Mindanao may shoot up by as much as P4 a kilowatt-hour should the electric cooperatives on the island agree to the proposed solution of the government for them to acquire their own diesel-fired generators.
State-run National Electrification Administration has tapped the Japan International Cooperation Agency (Jica) for a technical cooperation project, which is aimed at reducing systems losses and improving the operational efficiencies of electric cooperatives.
State-run National Electrification Administration (NEA) and its partner electric cooperatives spent about P3.5 billion last year to provide access to electricity to 6,163 villages across the country.
Electric cooperatives continue to reel from obligations to power-generation companies—now standing at P13.48 billion as of end-June this year—even after the government condoned P18 billion of their unpaid debt back in 2004.
State-run National Electrification Administration has called for the creation of sitio electrification units within electric cooperatives to help manage the government’s planned rollout of some P33 billion worth of rural electrification projects over the next five years.
State-run Power Sector Assets and Liabilities Management Corp., or PSALM, has paid some P12.85 billion in obligations of several rural electric cooperatives to the National Electrification Administration (NEA), local governments and other government agencies. The amount represents more than 71 percent of the P18.07 billion in rural cooperatives’ debts assumed by PSALM, according to the [...]
Therma Marine Inc. of the Aboitiz group has been given the green light to start supplying power to two electric cooperatives in Mindanao—a move that will help increase the volume of power for distribution on the island. These approvals are especially crucial now that the Mindanao grid is on red alert due to lack of [...]
Thirty-three electric cooperatives belonging to the Association of Mindanao Rural Electric Cooperatives (Amreco) are planning to develop their own 300-megawatt baseload coal-fired power plant to ensure the stability of supply in Mindanao.
State-run National Electrification Administration has released a total of P794 million to 38 electric cooperatives in the first 10 months of the year as it targets to make these utilities “operationally strong and viable” given a changing energy landscape.
