NEWS: RP may lose investments due to power crisis

[ghosthunter]

Taken from:
http://www.philstar.com/Article.aspx...bCategoryId=66

[SIZE="4"]RP may lose investments due to power crisis[/SIZE]
By Ma. Elisa P. Osorio (The Philippine Star)
March 04, 2010 12:00 AM


MANILA, Philippines - The country is in danger of losing investments as the business community expressed grave concern on the worsening power crisis in the country.

In an interview at the sidelines of yesterday’s Economic Managers Briefing, Philippine Chamber of Commerce and Industry (PCCI) president Francis Chua said that he has already received numerous complaints from his members regarding the rotating blackouts and the grim news surrounding the power industry.

“Businessmen are very apprehensive. They want to know what is happening because the current situation is not very healthy,” Chua said.

According to Chua, the industry is very worried over the rotating blackouts that has now included Metro Manila. “The bigger issue is the scarcity of electricity.”

Chua said that as of now, none of his member firms have closed shop because of the power interruptions but said that if this continues then it is possible that some will be forced to consider other business locations.

Worse, Chua said that “the worst is yet to come.” He said he has already warned his members to be prepared because the country is just entering the summer season. He said that if the crisis happened in July, a known rainy season, it would have been a different story.

Also, Chua said that this may be a deterrent for firms who are planning on investing in the country because they would not want to infuse money in a place with unsteady supply of electricity.

When asked if the economic managers were able to shed light on the matter of power shortages, Chua said that there is very little the administration can do right now because the implementation of whatever strategy they may come up with will be up to the next president and his new economic managers.

He said that he has received a position paper from the Energy branch of PCCI regarding the power shortage. He said he has yet to read the proposal but said he will forward it to the government in order to formalize the stand of the business community.

Chua noted that he still cannot see an immediate solution to the power crisis that is why the best advise he can give his members is to be prepared for the worst.

[badsekktor]

FVR solved the power crisis, GMA brought it back..... tsk! tsk! tsk!

I wonder why the hell this thing happened. 4 to 5 years ago this thing was already foreseen. Bakit walang ginawa? Ano ba ginagawa ng Energy dept? natutulog? I mean in the power industry alam na ito way back before pa!

I believe nung panahon pa ni estrada alam na magkakaroon ng power shortage ah!

[ghosthunter]

FVR solved the power crisis, GMA brought it back..... tsk! tsk! tsk!

I wonder why the hell this thing happened. 4 to 5 years ago this thing was already foreseen. Bakit walang ginawa? Ano ba ginagawa ng Energy dept? natutulog? I mean in the power industry alam na ito way back before pa!

I believe nung panahon pa ni estrada alam na magkakaroon ng power shortage ah!

As a country grows, it will need more power. Also older power plants will have to be replaced. Everyone knows that.

But the politicians are too much into "green" and "renewable" technology which means stalled implementation of conventional power stations.

Unfortunately even the best green and renewable power sources cannot compare to the output of conventional power plants for the same money invested. As a 3rd world country, we should use more established forms of power generation. Let the 1st world countries spend the millions to experiment for us on their own land.

I foresee another major increase in our electrical bills, as if our electric costs isn't one of the most expensive in the region. The next president will be forced to have another round of fast track development of new power plants all over the country.

[badsekktor]

yep! actually erap's program na kuryente para sa lahat hastened the need for more electricity.

Kanina i heard a certain congressman cojuangco proposing to get 2 nuclear power plants from south korea. I dont know if this would push through.... sabi niya around 88 months before maging fully operational. I just wish that our government should do something to prevent these power outages....

[safeorigin]

the power crisis is also compounded by the El Nino phenomenon. I'm already seeing a very bleak future after the elections :S

[badsekktor]

the power crisis is also compounded by the El Nino phenomenon. I'm already seeing a very bleak future after the elections :S

I agree plus with the huge debt we have.......

and GMA has the guts to say na swerte yun susunod na uupo sa kanya

[artpogi]

This is not new.

IIRC, back in the late '70s or '80s, JICA made a study of the Philippines power requirements and concluded that we're gonna have this power crisis unless the government then take steps to avert such impending crisis.

Well, I guess they were right.

Their conclusion/findings was submitted to the government then, and obviously, nothing happened.

Either the succeeding governments ignore the warnings or they sat on their arse and thought that JICA was wrong.

Yes I remember the Ramos administration somehow solved the power crisis, I guess the Arroyo administration didn't make follow-ups or continue what the Ramos administration did.

[ghosthunter]

Yes I remember the Ramos administration somehow solved the power crisis, I guess the Arroyo administration didn't make follow-ups or continue what the Ramos administration did.

The Arroyo adminstration was busy elsewhere... busy having P1M dinners abroad and finding more ways to steal more taxpayer money.

[artpogi]

The Arroyo adminstration was busy elsewhere... busy having P1M dinners abroad and finding more ways to steal more taxpayer money.

hehehe couldn't agree more

[safeorigin]

The Bataan Nuclear Plant should have been opened

I can't believe people are still scared of it when nuclear plants of today in fact also double as water treatment plants

seriously, everybody else has them. Even the people who got nuked also use them

[Monseratto]

The Bataan Nuclear Plant should have been opened



seriously, everybody else has them. Even the people who got nuked also use them

Tree Huggers...

Anyway it's common for people to react everytime the sky is falling. But when everything is fine, they try to ignore fixing the problem as much as possible...

[safeorigin]

aye, and I bet the lobbyists are very happy with their kickbacks

[Monseratto]

I like his foresight and conclusions on tackling the energy problem. Too bad he's GMA chosen one...

Teodoro says yes to nuke power, no to BNPP revival

MANILA, Philippines – Amid the worsening energy problem in the country, former defense chief and administration presidential candidate Gilbert “Gibo” Teodoro, Jr. endorsed nuclear power as a possible good energy source but thumbed down the revival of the controversial Bataan Nuclear Powerplant

However, Teodoro said that with the current energy crisis the country was facing, the government should not only give band-aid solutions but must address the problem on a long term basis and must establish a sustainable energy roadmap.

“We should take this crisis two fold, number one deal with the current shortfall in power generation, you know the power barges, self generation by big users of electricity, facilitate whatever they need to self generate but what should be done aside from addressing now, we must address not only 10 years from now, but 20 years, 25 years, 50 years from now,” Teodoro said.

“We have to look that far ahead so that every year, we could put in the additional infrastructure necessary to create generating capacity,” he added.

The former defense chief noted that hydroelectric energy was no longer a reliable energy source due to the changing climatic pattern hence nuclear energy must seriously be studied and considered.

He added that the main concern in putting up nuclear power plants was finding a geographically safe location and creating facilities for nuclear wastes.

“I think once those two issues are overcome, it’s a good investment,” Teodoro said.

He added that the country has the potential for training human capability for nuclear energy generation noting that Filipinos worked in nuclear power plants in Japan and South Korea over the last decades.

[safeorigin]

at least he's being realistic

[CVT]

Mahal na ang cost of electricity; Mawawala pa!....

9404:vader:

[Gen. Miting]

there is a temporary solution to the power crisis. i-monitor nyo lahat ng squatter areas na puro naka-jumper. we are subsidizing their consumption.

kaya this is a test of will. will the middle-class and all others who can afford to pay electricity send our poorest countrymen to the stone age.

and let's say we do succeed in removing all those "wasteful" electricity from them, how long naman kaya ang revolution?

[badsekktor]

actually hindi lang squatter areas ang nagnanakaw ng kuryente..... you'd be surprised that there are some businesses who also do this to cut down electricity cost.... lalo na yun may mga machineries na malakas sa kuryente.....

[Benji_DCP]

Thats the Philippines. One step forward... Two steps backaward.