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PIA Press Release

Mindanao biz sector awaits Aquino's energy plan

By Mai Gevera

Davao City (21 May) -- The business sector in Mindanao is waiting for the immediate move of the incoming administration under President-apparent Benigno Aquino on power issues that concern Mindanao up to now.

In yesterday's Club 888 Forum at Marco Polo Hotel, Mindanao Business Council (MBC) and Mindanao Electric Power Alliance (MEPA) chair Vicente Lao bared the sector's wait and see status on how Aquino's administration will resolve Mindanao's power crisis.

He suggested for the construction of power plants to cope with the rising power demand in the region. Mindanao, having the highest power demand in the entire country, couldn't export supply from Luzon and Visayas.

"It was still in 1998 that the government built a plant. After STEAG construction, there were no more plants built," Lao said.

This, according to him, had resulted to the power crisis that hit Mindanao. The business sector forewarned the government on this possibility two years ago. However, it was only early part this year that the government saw it alarming and declared a state of calamity in the area.

Lao also bared plans of writing a letter to the new president containing the position of MEPA on the expected privatization of Agus-Pulangi Hydro Complex.

"Some members of MEPA are favoring the privatization while some are not. This needs to be properly evaluated to come up with an intelligent decision," said Lao.

The Davao City Chamber of Commerce and Industry is also set to deliberate for their position and come up with proposals that could be of help to the decision of the national government. (PIA XI) [top]

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