Statement of Secretary Ignacio R. Bunye Re: Energy Situation
Manila (10 October) -- The periodic assessment of our future energy requirements is a permanent task of the government, and our energy team is closely working with all industry sectors and stakeholders in this regard.
This challenge is being worked on 24 by 7 and all steps are being taken to prevent and preempt potential problems.
The ongoing privatization of assets of the National Power Corporation and the inflow of investments in the energy sector are solid bases of confidence.
We have enough energy supply and we assure the public that this will be maintained in the coming years.
Our Wholesale Electric Spot Market would also provide more electricity supply to the growing demands in the country at cheaper rates.
We are also exploring various alternative sources of energy to reinforce the whole system and we assure the public that no one will be groping in the dark in the coming years. (OPS) [top]