SUPPORT HOUSE BILL 122 ( MINDANAO POWER CORPORATION )
With the current GLUT in the electricity grid in the Island of Mindanao, Philippines talks are rife about the rehabilitation of the AGUS-PULANGI HYDRO POWER COMPLEX as a prelude to its PRIVATIZATION ! Power consumers in Mindanao should push and lobby for the creation of the Mindanao Power Corporation, otherwise we will see our electricity bills rise over the current levels in the Visayas Grid, the Visayas Grid has the highest rate, followed by Mindanao and Luzon. When the Twin Power Barges were sold to Therma Marine on the eve of the 2010 power crisis the plants were properly maintained and operated very efficiently, but these were acquired by THERMA MARINE INC, at NEAR SCRAP VALUE, and when applied for ancillary service by NGCP, was re-appraised, and actually operated as baseload operation using ancillary service power rates. We Mindanao Power consumers should not let this malady to happen again in the case of the AGUS-PULANGI HYDRO POWER COMPLEX. The two power ...