BusinessWeek Mindanao (April 1-5, 2015)

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BusinessWeek MINDANAO

/MenchuAntigua-Macapagal

Your daily business paper

WEEKDAYS 1PM

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 134

Market Indicators

As of 6:50 pm Mar. 31, 2015 (tuesday)

FOREX

PHISIX

US$1 = P44.70

7825.39 points

10 cents

X X Briefly 21.94 points

No ‘over financing’ THE government peace panel on Monday clarified that the administration is not “over financing” the Autonomous Region of Muslim Mindanao (ARMM) and the proposed Bangsamoro government. Government Peace Panel Senen Bacani said to correct this misconception, there is a need to differentiate the existing budget for ARMM from the incremental funding that will be introduced once the draft Bangsamoro Basic Law (BBL) is passed. “Tungkol sa financing, kailangan i-klaro dito kung ano ang existing at saka ano ang incremental. Pag-usapan muna natin ang incremental funding because of the Bangsamoro Basic Law. Nakasaad diyan merong special development fund. First year, P7 billion and then for the next five years P2 billion each, that is a total of P17 billion. Tapos ang incremental fund na Bangsamoro Transition Authority, P1 billion. Iyan lang talaga ang karagdagang gastos [sa] pagpasa ng Bangsamoro Basic Law because the other expenses, nandiyan na ‘yan,” Bacani explained.

Int’l support MEMBERS of the international community reiterated their continued support for the Bangsamoro peace process as the nation commemorated on Friday the first anniversary of the signing of the Comprehensive Agreement on the Bangsamoro (CAB), the product of 17 years of negotiation between the Philippine government and the Moro Islamic Liberation Front (MILF). They said the alternative to the peace deal is conflict in Mindanao, and forging lasting peace in the South required putting up an infrastructure that would implement the peace agreement between the government and the MILF. The proposed Bangsamoro Basic Law (BBL), which will be the enabling law that would implement the CAB, is currently under deliberation in both chambers of Congress.

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DUs urged to aggregate demand for lower rates

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By MIKE BAÑOS, Editor-at-Large

NERGY Secretary Carlos Jericho Petilla is urging distribution utilities to come together to aggregate their demand to be able to leverage their collective power needs and bring down prices when negotiating with power suppliers.

At a Renewable Energy Forum hosted by Xavier University-Ateneo de Cagayan’s Engineering Resource Center (ERC) Monday, Petilla said demand aggregation would in effect ensure no brownouts in the future at a lower price. “A lot of our cooperatives are under-contracted. They will face a problem in the future. The others are only contracted for one year. The problem we have is it takes 4-5 yrs to build a plant,” he said. “We wanted to see if people are actually contracting. By how much? We’d like to see it. Sometimes these negotiations are not transparent.”

Petilla admits DUs have widely different demands and source their power from a plethora of suppliers but contracting long-term power supply agreements through demand aggregation should stabilize power supply at more affordable prices. “One of the things we’re pushing for is demand aggregation. It’s all long term. If nobody builds a plant, there will be brownouts. You look back or you look forward to make sure you don’t have brownouts.” “So we tried to gather them. We will extract a demand forecast and verify it. If the Energy Regulatory demand/PAGE 11

POWER FORUM. Energy Secretary Carlos Jericho Petilla in a huddle with ERC Officials and Xavier University President Fr. Bobby Yap before the start of the Renewable Energy Forum in Cagayan de Oro City. Petilla urges distribution utilities to beef up their demand to bring down power rates. photo by mike baños

Oro riverside villagers NGCP undertakes ‘hotline’ repair oppose Japan-funded to minimize power outages By far, such activity megadike project allows “the safe repair of By MYRNA VELASCO, Contributor

By MARK FRANCISCO

AROUND 200 families of a riverside village in Cagayan de Oro City, including their barangay chairman, have expressed apprehension on the planned megadike project in their area to be financed by the Japan International Cooperation Agency (Jica). In a meeting with the city’s second district Representative Rufus Rodriguez and Department of Public Works and Highways (DPWH) officials Monday,

C o n s o l a c i o n b a r a n g ay chairman Dante Roa, said the megadike project will run through most of the structures in their village, including the barangay hall, health center and multipurpose covered court. Rep. Rodriguez, who led the survey of the area together with DPWH officials, said that Jica’s project should be revised to give way to the residents by altering the oppose/PAGE 11

TO alle viate brownout incidents in Zamboanga del Sur, system operator National Grid Corporation of the Philippines (NGCP) has deployed its linemen to undertake ‘hotline’ or live line maintenance work in the area. NGCP said the company’s most recent focus had been on the transmission firm’s

69-kilovolt Pagadian-San Miguel line “to replace old cross-arm and insulator strings of transmission structures.” The facility was located at Tikwad, Dumalinao in Zamboanga del Sur. NGCP said a hotline or live line repair work is a proven technology in the electric transmission industry.

high voltage lines without shutting them down….and by doing so, electricity consumers do not experience service interruptions while NGCP works on the energized lines.” ‘Hot spots’ would refer to the “abnormal heating of components or parts of transmission line due to loose connections between points where electricity flows.”

IT’S SUMMER. Two kids enjoying the pristine water of Macajalar Bay as they cool off along the shoreline of Brgy. Gusa, Cagayan de Oro City. photo by mark francisco

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