BusinessWeek MINDANAO Your daily business paper
District 3870 Discon May 7-9, 2015 @ Pryce Plaza Hotel
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 113
Market Indicators
As of 6:01 pm Mar. 2, 2015 (monday)
FOREX
PHISIX
US$1 = P44.09
7,773.92 points
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43.35
X
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Briefly Renewable power DAVAO City -- Key power players from the government and the private sector are mapping steps to provide Mindanao with a greener and renewable power supply in the next five years. During the 5th principals meeting of the Mindanao Power Monitoring Committee (MPMC) held last week at the National Power Corporation Board Room, top officials from the power industry underscored the importance of advocating renewable energy (RE) as a prominent source of electricity for the island-region. “There are good things coming in for Mindanao and power is one of them,” said Secretary Luwalhati Antonino, chair of the Mindanao Development Authority (MinDA) in her opening statement.
Tourism promotion TAGUM City -- Tagum City Mayor Allan Rellon has opened the Musikahan Festival with his call for aggressive promotion of the city’s tourism industry as the country opens its doors to ASEAN (Association of Southeast Asian Nation) Integration. He called on local primemovers of the city’s tourism industry to move ahead and not wait for the national government to promote “our place and (our) festivals as tourism destination.” “We must initiate aggressive campaign to forefront our local tourism industry especially to international market,” he said in his Musikahan Festival opening remarks Saturday, during which he unveiled the musical note marker to signal the start of the trio-event to unfold this week in Tagum City.
P15.00
Mindanao shrugs off coal-plant shutdown www.businessweekmindanao.com
Tuesday | March 3, 2015
Steag completes repair of Unit 2 generator, brings back 105-MW to Mindanao grid By MIKE BAÑOS, Editor-at-Large
IT pays to be ready. Un l i ke l a s t s u m m e r when crippling rotational brownouts left large swaths of Mindanao without electricity for up to eight hours or more daily, the l atest shutdow n of t he same power plant did not have a similar effect on the Mindanao economy. In a text message to BusinessWeek Mindanao, Romeo M. Montenegro, Investment Relations and Public Affairs Director of Mindanao Development Authority (MinDA), said this was revealed by the Association of Mindanao Rural Electric Cooperatives (AMRECO) in its report rendered during the February 24 meeting in Davao City of the Mindanao Power
Monitor ing C ommitte e (MPMC). “Based on the report of AMRECO, rotational brownouts affected 10 out of 28 electric cooperatives and one of four private distribution utilities in Mindanao, averaging 1-2 hours except for Sukelco, Zamcelco and Zamsureco with 4-5 hours. Several electric coops have been able to mitigate with embedded capacity such as modular gensets,” Montenegro said. The MPMC is a multisectoral body created by President Aquino to monitor the p ower situation in Mindanao under the aegis of the Mindanao Development Authority (MinDA). Earlier, Mr. Montenegro shutdown/PAGE 11
POWER UPDATES. Secretary Luwalhati Antonino (left), chair of the Mindanao Development Authority (MinDA) listens as Dir. Romeo Montenegro of MinDA Investment Promotions and Public Affairs reports on the status of renewable energy projects under the One-Stop Facilitation and Monitoring Center Web Portal at the 5th Mindanao Power Monitoring Committee Principals’ Meeting held recently at the National Power Corporation in Quezon City. The meeting also discussed the status of measures designed to improve the power situation in Mindanao. (photo courtesy of MinDA)
Proposed renewable energy projects in M’nao rise to 231 By CARMELITO Q. FRANCISCO, Correspondent
LIFE GOES ON. A resident of Barangay Tukanalipao, Mamasapano town in Maguindanao prepares the fish he caught on the river by the wooden bridge where 44 Special Action Forces were killed in a clash with Moro Islamic Liberation Front fighters. Eighteen from MILF and five civilians also perished on that day. MindaNews photo by Froilan Gallardo
DAVAO City -- Proposed renewable energy projects in Mindanao have increased to 231 as of February f rom 159 at t he end of 2014, according to data from the one-stop facilitation center of the Mindanao Development Authority (MinDA). Tudaya 1 and 2 hydropower plants, newest additions to He d c or’s op e r at i ng p or t fol i o, re c e nt l y re a c h e d t h e i r 1 0 0 t h op e rat iona l d ay. The s e hyd ro plants contribute 14 MW of clean
energy to the Mindanao grid. -www.aboitizpower.com All these green projects, if implemented, will deliver a combined power output of 2,419 megawatts (MW) by 2025. Among the submitted projects are the 200-MW geothermal plant by Aboitiz Power Renewables, Inc.; 60-MW by Eoil and Gas Co., Inc. (geothermal); 12-MW by Manolo Fortich Renewable Energy Corp. projects/PAGE 11
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