(The Philippine Star) | Updated June 25, 2016 - 12:00am
MANILA, Philippines -
The remaining power assets owned by the government, which are major suppliers
in Mindanao, will remain dedicated to meet the electricity demands of customers
in the region until they are privatized as required by law, the Power Sector
Assets and Liabilities Management Corp. (PSALM) said.
Majority of power
customers in Mindanao composed of electric cooperatives (ECs), private
utilities, industries and government agencies obtain their power requirements
from PSALM, officer-in-charge Lourdes Alzona said in a statement.
“We will continue
to service our customers while in the process of completing the privatization
program. In fact, the entire dependable capacity of PSALM’s remaining plants in
Mindanao is allocated to them,” Alzona said.
Currently, PSALM’s
existing power contracts in Mindanao cover 49 customers in the region,
requiring a total 3,843.71 gigawatt-hours (gwh) of energy capacity.
Supply is sourced from
the state-run firm’s remaining generating assets namely Power Barge 104, Agus
I, II, IV to VII and Pulangi Hydroelectric Power Plants and from independent
power producer (IPP) plant — Mindanao Coal-Fired Power Plant.
In 2015, PSALM
delivered a total 5,762.07 gwh to 48 power customers in Mindanao, 28 of which
were prompt payors. This grossed to P16.24 billion in power sales with total
discounts extended by PSALM reaching P0.37 billion.
PSALM allows prompt
payors to enjoy three percent outright discount on their monthly bills to
encourage other customers to observe early payments.
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