BusinessWeek MINDANAO Your daily business paper
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 127
Market Indicators
As of 6:12 pm Mar. 21, 2015 (saturday)
FOREX
PHISIX
US$1 = P44.81
7,814.55 points
9 cents
X
X Briefly 57.97 points
Loan portfolio TAGUM City -– Spanning 48 years of existence, the loan portfolio of Tagum Cooperative has continuously increased to P1.876 billion from a mere PhP80 capitalization in 1967. Tagum Cooperative Board of Directors vice chairman Miriam Baloyo disclosed that the figure is up by 9 percent from the cooperative’s loan portfolio of P1.718 billion in 2013. Baloyo said the cooperative had 9.52 percent loan delinquency rate in 2013 after most of its members were affected by typhoon “Pablo” in late 2012. It has now improved to 7.28 percent as the typhoonaffected cooperative members recovered from the devastation.
Thin power supply THE Department of Energy placed Mindanao under a yellow alert because of the thin power reserves available in the island group, report said. The National Grid Corporation of the Philippines said that Mindanao had 159 megawatts of reserve power, with 1,524 MW available and system peak demand projected at 1,364 MW. DOE Electric Power Industry Management Bureau Director Mylene Capungcol explained that one reason for the thin reserves was that the area’s coal-fired power plants were still being serviced. The Visayas, meanwhile, has 86 MW of projected reserves, with projected capacity of 1,534 MW and system peak demand of 1,447 MW.
Mindanao coops to bid for Agus plant www.businessweekmindanao.com
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Monday | March 23, 2015
P
OWER cooperatives in Mindanao are mulling to p ar ticip ate in the privatization of the Agus-Pulangi Hydro Power Plant in a bid to make a run for the management and operation of the island’s biggest source of electricity.
Part of the moves is the formation of 1 Mindanao Energy Cooperative (1 MIECOOP) which the group envisioned to handle the plant once it has been fully privatized. Cooperative Development Authority (CDA) Administrator for Mindanao Datu Pendatun Misimban CDA said it’s about time the people will have the say on running and managing the power plant. “This is a contribution of the coop sector in cooperation with the government to solve the power crisis,” Misimban said. He added that based on regional power summits attended by cooperative leaders, the attendees were very supportive of the move. Agus/PAGE 11
FESTIVALS OF FESTIVALS. Malaybalay City holds the Festival of Festivals on Saturday, a day before its 17th Charter Day celebration. mindanews photo by h . marcos c . mordeno
Mamanwas set up barricade against Surigao mining firm By ROEL CATOTO, MindaNews
TUBOD, Surigao del Norte – For alleged non-payment of royalty share to the Mamanwas, tribesfolk have set up barricade against a mining firm operating in this municipality. Si nc e l ast Mond ay, around 400 Mamanwas
made shanty encampments a l on g ro a d s t o b l o c k heavy equipment from crisscrossing to the waste dump site, to the mine pits and to the milling plants of Greenstone Resources Corporation. mamanwas/PAGE 11
ERC prescribes capacity limits for power generation firms By MYRNA VELASCO, Contributor
GENERATION companies (GenCos) aiming for highly aggressive power plant developments may not pass the prescribed capacity limit set by the Energy Regulatory Commission (ERC) which has been updated to 3,917.327
megawatts for Luzon grid from the year-ago level of 3,612.425MW. On a nationwide basis, the capacity limit which sets the cap on market share of each player had been pegged at 4,396.291MW
from 3,958.087MW last year. For Visayas and Mindanao grids, the capacity ceiling that each Genco could own or develop had been placed at 709.107MW and 649.115MW, respectively. T h e E l e c t r i c Pow e r Industry Reform Act (EPIRA) erc/PAGE 11
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