VOL. 9 ISSUE 277 • THURSDAY, MARCH 16, 2017
Toast to delicious Davao
P 15.00 • 44 PAGES
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EDGEDAVAO Serving a seamless society
EDGEDAVAO Sports ON TO THE SEMIS Blue Knights sweep elims, advances to SM NBTC Div 2 semis
MinDA bats for reliable power
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ITH the oversupply of energy flooding Mindanao in the next few years, the next big challenge for electric cooperatives and distribution utilities now is to maximize their energy mix and ensure affordable power for their consumers.
“It is now all about achieving a balanced mix of their sources. Electric cooperatives and distribution utilities must now take advantage of the abundant supply and cheap hydro power but at the same time utilizing their coal power supply contracts,” said Romeo Montenegro, deputy executive director of the Mindanao Development Authority (MinDA). “Power distributors must balance reliability, sustainability and most importantly, affordability of power,” according to Mr. Montenegro, who also heads the technical working group of the Mindanao Power Monitoring Committee (MPMC). The Duterte administration has pushed for a “technology agnostic” approach on energy security – prioritizing affordable power no matter the technology, to sustain the country’s industrialization. Although hydro power courtesy of the Agus-Pu-
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ARAW NG DAVAO SUPPLEMENT
NO EASY TASK. Davao-based fashion designer Edgar Ayag puts the finishing touches on an evening gown at his shop along Bonifacio Street yesterday. Ayag’s creation will be worn by one of the five winners of Mutya ng Davao 2017 during the coronation night. Lean Daval Jr.
REAL THREAT Climate change looms as biggest roadblock to agri-financing By JERMAINE L. DELA CRUZ
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ANDBANK of the Philippines vice president and lending center head Charlotte I. Conde said climate change has shaped up as “biggest challenge” to agri-financing.
“Since we are into agriculture, the issue on climate change still causes threat particularly to lending to
agriculture,” said Conde during Wednesday’s Habi at Kape media forum at Abreeza Ayala Mall, Davao City.
LBP was mandated to serve the financial needs of farmers and fishermen especially on their recovery from
the devastation brought about by the natural calamities such as typhoon.
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