Manila Times.net
BY EUAN PAULO C. AÑONUEVO REPORTER
THE Department of Energy (DOE) said the country expects $4-billion worth of power projects to come on stream in the near to medium term to address the Philippines’ thinning reserves.
“In the last six months alone, there has been a surge in investments in the energy sector. About $4 billion have been pledged for new projects and we see more coming as the economy will be needing more power plants to power up its growth,” said Energy Secretary Jose Rene Almendras in a presentation as part of the Philippine economic team’s visit to Japan this week.
“It is estimated that the [Philippnie] population will be 95 million this year which translates to a big market for electricity and other power related projects. We
therefore encourage the Japanese companies to present new projects to serve the growing needs of the country,” Almendras said.
therefore encourage the Japanese companies to present new projects to serve the growing needs of the country,” Almendras said.
The government projects the country requiring $40.6-billion worth of investments in the energy sector through 2030.
He said the Luzon grid would require an additional capacity of 11,900 megawatts (MW) for that period, while the Visayas and Mindanao grids would need 2,150 MW and 2,500 MW.
The Aquino administration is aiming for economic growth of seven to eight percent until 2016. Besides the requirements of economic expansion, Almendras said the government is also concerned about providing “energy access for more.”
He said that a key priority of government is to “mainstream access of the greater majority to reliable energy services and fuel, most importantly, local productivity and countryside development”.
In pitching for the government’s public-private partnership (PPP) scheme, DOE chief said private sector participation is crucial to “ensuring the country has the required infrastructure in place as well as the appropriate volume, form and quality of energy where and when they are needed.”
During the same presentation, Department of Trade and Industry Secretary Gregory Domingo said the PPP scheme is key to addressing the Philippines’ infrastructure bottleneck.
He said the PPP is “crucial in aiming for a better business environment as this will ensure a smooth and quick turnaround of good and services at less cost.”
Domingo said the government would pursue 10 PPP projects this year, requiring a combined investment of P127.8 billion or about $3 billion. Of these 10 projects, the following would be rolled out in the first half of the year: the $235-million NAIA Expressway-Phase 2, the $33-million Privatization of Laguindingan Airport, the $171-million Privatization of Light Rail Transit Line 1, and the $140-million Privatization of Metro Rail Transit Line 3.WITH REPORT FROM KATRINA MENNEN A. BY EUAN PAULO C. AÑONUEVO REPORTER
THE Department of Energy (DOE) said the country expects $4-billion worth of power projects to come on stream in the near to medium term to address the Philippines’ thinning reserves.
“In the last six months alone, there has been a surge in investments in the energy sector. About $4 billion have been pledged for new projects and we see more coming as the economy will be needing more power plants to power up its growth,” said Energy Secretary Jose Rene Almendras in a presentation as part of the Philippine economic team’s visit to Japan this week.
“It is estimated that the [Philippnie] population will be 95 million this year which translates to a big market for electricity and other power related projects. We
therefore encourage the Japanese companies to present new projects to serve the growing needs of the country,” Almendras said.
therefore encourage the Japanese companies to present new projects to serve the growing needs of the country,” Almendras said.
The government projects the country requiring $40.6-billion worth of investments in the energy sector through 2030.
He said the Luzon grid would require an additional capacity of 11,900 megawatts (MW) for that period, while the Visayas and Mindanao grids would need 2,150 MW and 2,500 MW.
The Aquino administration is aiming for economic growth of seven to eight percent until 2016. Besides the requirements of economic expansion, Almendras said the government is also concerned about providing “energy access for more.”
He said that a key priority of government is to “mainstream access of the greater majority to reliable energy services and fuel, most importantly, local productivity and countryside development”.
In pitching for the government’s public-private partnership (PPP) scheme, DOE chief said private sector participation is crucial to “ensuring the country has the required infrastructure in place as well as the appropriate volume, form and quality of energy where and when they are needed.”
During the same presentation, Department of Trade and Industry Secretary Gregory Domingo said the PPP scheme is key to addressing the Philippines’ infrastructure bottleneck.
He said the PPP is “crucial in aiming for a better business environment as this will ensure a smooth and quick turnaround of good and services at less cost.”
Domingo said the government would pursue 10 PPP projects this year, requiring a combined investment of P127.8 billion or about $3 billion. Of these 10 projects, the following would be rolled out in the first half of the year: the $235-million NAIA Expressway-Phase 2, the $33-million Privatization of Laguindingan Airport, the $171-million Privatization of Light Rail Transit Line 1, and the $140-million Privatization of Metro Rail Transit Line 3.WITH REPORT FROM KATRINA MENNEN A. VALDEZ
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