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Philippines may go into power plants again as demand rises

Steel News - Published on Tue, 05 Jun 2012

An Energy Department report said that the government may need to go into power generation again to avert brownouts, as current private sector investments are not enough to meet the country\'s power demand reaching 14,400 MWs by 2030.

The 19th status report on the implementation of Electric Power Industry Reform Act, covering the period April 2011 to October 2011, warned about the possible brownouts in the future because of rising power demand.

It said that \"With the country under the Aquino administration enjoying interests from investors and the government bidding out various infrastructure projects under the public-private partnership program in various parts of the country, it will not take time that the current capacity additions will be diluted by the surge of demand.\"

The EPIRA law directed the privatization of state owned National Power Corporation\'s generating assets and in the process broke the government’s monopoly over the country\'s power sector.

The report was prepared by the Energy Department with contributions from different agencies such as the Energy Regulatory Commission, National Electrification Administration, National Power Corporation, National Transmission Corporation, Philippine Electricity Market Corporation and Power Sector Assets and Liabilities Management Corporation.

Source - Manila Standard Today

(www.steelguru.com)

Posted By : admin on Tue, 05 Jun 2012
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