BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 79
Market Indicators
As of 6:00 pm dec. 11, 2014 (thursday)
FOREX
PHISIX
US$1 = P44.48
7,072.10 points
18
X Briefly 102.98
cents
X
points
Power plant repair TNB Repair and Maintenance Sdn. Bhd. (TNB-Remaco), a wholly owned subsidiary of Malaysia’s largest energy company Tenaga Nasional Berhad (TNB), is securing the power plant repair and maintenance service contract of Mindanao power plants. In a statement, Embassy of Malaysia Trade Office (MATRADE Manila) Commissioner Nyaee Ayup said TNB has been in discussion with power plant operators in Mindanao. TNB Remaco business development and marketing Region II head Mohamad Izharudin Ahmad Wahiddin confirmed their interest citing the economic growth in Mindanao.
Industry roadmaps DAVAO City – The Department of Trade and Industry (DTI) and the Board of Investments (BOI) will conduct a forum entitled “Industry Roadmaps and the ASEAN Economic Community (AEC) Game Plan: Regional Roadmaps for Competitiveness” on December 4 in Davao city. Trade Secretary Gregory L. Domingo is expected to deliver the keynote address. The Forum will focus on the crucial role of industrial development in the integration process of ASEAN. Likewise, the forum will inform stakeholders of the opportunities and challenges in ASEAN. The AEC aims to establish a single market and production base with free movement of goods, services and investments across the ten ASEAN member countries.
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Friday | December 12, 2014
Solon says
Power coops address Mindanao power woe
E
By MIKE BAÑOS, Editor-at-Large
LECTRIC cooperatives are actively helping address the power shortage in Mindanao contrary to earlier allegations by energy officials they are partly responsible for bringing it about.
“We have been unjustly accused of being responsible for the power crisis in Mindanao by not forecasting correctly and not providing for future increases,” said Rep. Edgardo R. Masongsong (1CARE Party List). “But the coops by themselves have already provided 101MW additional peaking capacity even before the new capacities from coal-fired baseload plants are rolled out by 2015.” Masongsong was the keynote speaker during the Monday’s inauguration of the
5.2 megawatt (MW) peaking power plant of Peakpower San Francisco, Inc. (PSFI) at the Agusan del Sur Electric Cooperative, Inc. (ASELCO) compound, Bgy. San Isidro, San Francisco, Agusan del Sur. E a r l i e r l a s t m o nt h , Mas ongs ong cited how Peakpower Energy Inc. (PEI) also inaugurated another 20.9MW peaking power plant for the South Cotabato II Electric C ooperative (SOCOTECO II) through power/PAGE 7
THIS SHOE GLITTERS. Christmas lights adorn a giant replica of a shoe at the “Luneta Park” in Surigao City on Tuesday evening. Built in the 1970s, the structure houses a power generator that services the city hall, police headquarters, fire department and public market during blackouts. It also has a siren that sounds off every day and night and during emergencies. mindanews photo by roel n . catoto
Power supply in Surigao Norte to worsen after Christmas eve By ROEL CATOTO, MindaNews
POWER DEAL. Signing of the Power Purchase and Transfer Agreement for the 5.2MW expansion. L-R: ASELCO General Manager Emmanuel B. Galarse, ASELCO Board Chairman Corazon Cullantes and PEI President & CEO Roel Z. Castro. (Photo by Mike Baños, NPN)
SURIGAO City – Onto the two-hour daily blackouts in nine towns of Surigao del Norte, the power situation in the province is expected to worsen some more after Christmas as the National Power Corporation-Power Sector Assets and Liabilities Management Corporation (NPC-PSALM) will reduce the energy it will supply to the Surigao del Norte Electric
AirAsia returns, flies twice daily to Cebu AIRASIA Philippines sees tremendous potential for growth and expansion in Mindanao following the launch of its newest route between Cebu and Cagayan de Oro. With two flights daily starting today, December 12,
AirAsia will service this route using Airbus A320s departing Laguindingan International Airport in the afternoon at 2:05PM and 4:20PM to Mactan Cebu International Airport. When asked if the airline has plans to field early
Cooperative (SURNECO) by 27 percent. But the rest of Mindanao may be affected, too, as the “decrease in the power supply from NPC-PSALM” effective Dec. 26 “would result to a 27-percent reduction in the equivalent demand and its corresponding contracted energy of the Mindanao customers on the average,” according to the Nov. 5 letter
from Beatriz Irina Denise C. Alazas, manager of Electric Trading Department of NPCPSALM, to SURNECO. Engr. Narcisco I. Caliao Jr., general manager of SURNECO, said that in the case of SURNECO, reduction will be 3.6 megawatts from the current supply of 13.4 MW from NPC-PSALM. SURNECO’s contract with NPC-PSALM covers the period Dec. 26, 2012 to Dec. 26, 2016. supply/PAGE 7
morning or red-eye and night flights to this destination, AirAsia Philippines CEO Joy C añeb a s aid, “ The consideration for a time schedule is market, what are available slots in the airport. So even if we want a morning airasia/PAGE 7
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