BusinessWeek Mindanao (January 24, 2014)

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BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Volume IV, No. 55

Market Indicators

As of 6:12 pm jan. 23, 2014 (Thursday)

FOREX

PHISIX

US$1 = P45.30

6,170.05 points

10 cents

X

X Briefly 30.19 points

‘Overcharged ’ SEVERAL distribution utilities in Mindanao claimed they are not only being charged in excess of approved generation rates, but are also being charged for power supply that was not delivered and are bent on rejecting the billing statement issued by the Philippine Electricity Market Corporation (PEMC). In a letter to the PEMC, Engineer David A. Tauli, president of the Mindanao Coalition of Power Consumers (MCPC), cited the case of a local utility which claimed that it has not nominated or purchased any energy from the Interim Mindanao Electricity Market (IMEM), yet has been issued a billing statement. Tauli said the power bills sent by the PEMC to the cooperatives makes it clear what the MCPC and others have been saying all along that: the IMEM is pernicious to Mindanao power consumers (because the PEMC is making the consumers pay rates three times greater than ERC-approved generation rates, for energy that was not supplied or used, and; the IMEM cannot attain the purposes for which it was designed by the DOE, which is to enable embedded generators to supply power to the Grid in period of power shortages. None of the embedded generators injected power supply to the Grid during the November-December billing period, he added.

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Friday|January 24, 2014

P15.00

‘Agaton’ infra damage in NorMin reaches P 134-M By Philippine News Agency

T

Alsons’ 210MW coal plant set for operation in 2015

A MINDANAO-focused independent power producer reported that it is on track to st ar t op e r at i ons by September 2015 of the first 105-megawatt phase of its 210-MW coal-fired power plant in the coastal town of Maasim in Sarangani province as it completed a critical component that will ensure safe and efficient operation of the facility. The Alcantara Group’s Alsons Power unit said Daelim Industrial Co. Ltd, (Daelim) of South Korea, alsons/PAGE 5

HE torrential rain brought a b o u t by Ty pho on Agaton damage d infrastructures and proper ties wor th P134 million before leaving Northern Mindanao (NorMin), the Department of Public Works and Highways (DPWH) reported Wednesday.

WATER WORLD. Residents help out in rescuing their trapped neighbors in Barangay Mahogany, Butuan City during the height of Typhoon Agaton Tuesday morning. mindanews photo by erwin mascarinas

Visayas-Mindanao grid link set for further study By MYRNA VELASCO, Contributor

Quick response THE Region 10 office here of the Department of Health (DOH-10) activated its Health Emergency Response Units to address calls of assistance from the various local government units (LGUs) affected by flash floods, landslides, and other emergencies brought about by tropical depression “Agaton,” which dissipates into low pressure area (LPA) again Monday. DOH-10 Director Dr. Adriano P. Suba-an convened the Crisis Committee and directed the mobilization of Health Emergency Response Units in the four various clusters for the immediate deployment of reaction teams to the affected areas. Each cluster will be composed of the Medical/Dental, Water, Sanitation, and Hygiene (WASH), Nutrition, and Mental Health Psycho Social Services (MHPSS). The five teams were deployed to Lanao del Norte, particularly to the municipalities of Linamon and Kauswagan, Iligan City, Gingoog City, and two in this city, where some 600 families have evacuated.

12:30 PM - 1:00 PM

Torrential rain brought down Mamayaan Bridge in Balingasag town, a vital link between Cagayan de Oro and Butuan cities. photo courtesy of westernpacificweather

CDO-Butuan highway reopened By FROILAN GALLARDO, MindaNews

VEHICULAR traffic between this city and Butuan was r e o p e n e d We d n e s d a y morning after engineers and workers worked overnight, building a temporary bridge

and clearing the road of landslides. Edmundo Pacamalan, Misamis Oriental provincial administrator, said workers highway/PAGE 7

FROM a previously-laid down more aggressive timeframe, the National Grid Corporation of the Philippines (NGCP) has been slowing down on implementing the LeyteMindanao Interconnection Project (LMIP) citing the need for more comprehensive study on the proposed facility. NGCP head of revenue

and regulatory affairs Ma. Cynthia Y. Manrique said the hydrographic study is still continuing, emphasizing that “the study itself is a difficult” process to undertake. The next step for the transmission firm will be to file an application with t he Energ y R egu l ator y study/PAGE 5

Sandra Flores, spokesperson of the DPWH in NorMin, said that Agaton destroyed roads and bridges in the provinces of Lanao Del Norte, Misamis Oriental, and the island province of Camiguin due to flash floods and landslides. The damaged infrastructures include the Larapan bridge in Linamon, Lanao Del Norte, which collapsed due to landslide along with seven other municipal roads in the Lanao provinces, the Mambayaan bridge in Balingasag, Misamis Oriental where about 20-meter of the approach caved-in due to strong current spawned by flash flood, Flores said. agaton/PAGE 7

Davao City eyes mass railways By CARMELITO Q. FRANCISCO, Correspondent

DAVAO City -- The city government is looking at a monorail and possibly a subway system to help decongest traffic in the city’s

Mindanao Daily NEWS

main thoroughfares in the next decade. A local public-private partnership board, headed by Mayor Rodrigo R. Duterte,

will meet and evaluate the proposal in the coming weeks. Ivan C. Cortez, Davao railways/PAGE 7

northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Editorial and advertising email : businessdailymindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


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