By: Darien Anthony F. Nañadiego
The
Philippine Government under the Aquino administration is facing a looming power
crisis next year and this is the number one problem facing the government. One
proposed solution of this administration is granting emergency powers to the
President. By this time, the Senate is expected to approve this month a joint
resolution granting President Aquino the authority to contract additional
generating capacity to address a looming power crisis in the summer of 2015.
This would entail a lot of funds for the government because Department of
Energy (DOE) is poised to buy or rent generating sets to provide the necessary
power supply next summer.
Granting
of emergency powers to avert power crisis would authorize the President to tap
about Php4 billion to Php10 billion from the Malampaya Fund once the Congress
grants him such powers. Proceeds from Malampaya operations of about Php150
billion are derived from royalties from the natural gas operation of Palawan.
This would be the biggest source of fund that the Aquino government can rely as
power crisis looms by the summer of 2015 as predicted by the Department of
Energy.
Private
companies, particularly big establishments such as shopping malls should
operate their generators sets at certain periods so that the demand on
distributors like Meralco would be reduced. In this way private sector in their
own little way could work hand in hand with the National Government in
alleviating woes.
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