Philippines to use China funding for Agus-Pulangui complex rehab

Philippines to use China funding for Agus-Pulangui complex rehab

THE PHILIPPINES IS LOOKING TO USE THE OFFICIAL DEVELOPMENT ASSISTANCE (ODA)
AND OTHER FUNDING FROM THE CHINESE GOVERNMENT TO FINANCE THE REHABILITATION
AND EXPANSION OF THE AGUS-PULANGUI HYDROPOWER COMPLEX IN MINDANAO.

Department of Energy (DOE) secretary Alfonso Cusi said he agrees with the
National Economic and Development Authority (NEDA)'s endorsement to use the
funds to pursue the rehabilitation of the 727-megawatt Agus and the 225 MW
Pulangui facilities before privatizing or divesting their operations.

The rehabilitation plan is part of NEDA's Investment Coordination
Committee-Cabinet Level for the Philippines and China's cooperation
agreement.

The rehabilitation will include Agus 6 unit 4, the Balo-i Plains Flood
Control Project and the Pulangui 4 selective dredging phase 3.

"Having more than enough power in Mindanao is an opportune time that we
have, to do the rehabilitation, and then after that, we can pursue
privatization," Cusi said.

The timeline of privatization and rehabilitation will be based on a study by
the Power Sector Assets and Liabilities Management Corporation (PSALM) and
National Power Corporation (NPC) will present.

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Link to Original Article:
http://powerphilippines.com/2017/02/27/ph-use-china-funding-agus-pulangui-co
mplex-rehab/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com