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Expensive power deals sealed; Summit only for show — solon By Charlie V. Manalo 04/10/2012

Tuesday, April 10, 2012

Expensive power deals sealed; Summit only for show — solon

By Charlie V. Manalo 04/10/2012

President Aquino’s convening of the Mindanao Power Summit this Friday will only be for show as agreements to jack up power rates in Mindanao and put up environmentally-hazardous coal plants were already sealed during a pre-summit meeting organized by the Department of Energy last week, Bayan Muna Rep. Teddy Casiño said.

Casiño aired his apprehension upon learning that in an April 4 pre-summit meeting in Davao, Energy Secretary Jose Rene Almendras ordered Mindanao electric cooperatives to buy expensive power from privatized power barges at P14 kilowatt hour (kWh), with government shouldering the P9 per kWh diesel cost. Almendras also reportedly ordered local government officials to immediately approve the environmental compliance certificates (ECCs) for at least two new coal fired power plants in Mindanao..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20120410hea6.html

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