(The Philippine Star) | Updated July 16, 2017 - 12:00am
MANILA, Philippines - The Federation of Philippine Industries (FPI) has urged the Energy Regulatory Commission (ERC) to act on the pending power supply agreements (PSAs) to fast-track the supply of electricity to end-users nationwide.
FPI is composed of 34 industry associations and 120 manufacturing firms operating around the country.
FPI chairman Jesus Arranza expressed concern over the delays being encountered by several power projects that will ensure the country’s supply in the coming years.
“Energy security is a very important concern for FPI since all of our members are manufacturers that need stable and reliable supply for their operations,” Arranza said.
“That is why we are concerned on the reported delays of several projects because of the lack of PSA approvals,” he added.
The FPI head likewise said delays in the approval process significantly affect the development of baseload power plants, which can produce reliable electricity 24/7. These plants take around three to four years to build.
“Power plant developers should start constructing their projects now to ensure that we will have sufficient supply that will support the country’s economic growth,” Arranza said.
“We enjoin the ERC to do its role by acting on the more than 90 PSAs pending with the commissions since April last year,” he said.The FPI also lauded the Duterte administration’s move to declare energy projects of national significance.
“We welcome the continued push of the Department of Energy (DOE) to streamline the processing of energy projects that will ensure energy security,” Arranza said.
President Duterte issued on June 30 Executive Order 30, creating an Energy Investment Coordinating Council (EICC) led by the DOE.
The EICC was tasked to lead national government efforts to harmonize, integrate and streamline regulatory processes, requirements and forms relevant to the development of energy investments in the country.