Who’s Talking Energy
- Forbes/Thomson Financial reports on US$100 million loan from Banco de Oro-EPCI to First Philippine Holdings to help fund Meralco share purchases.
- Politicaljunkie has some juicy dinner table quotes from Koko Pimentel on the ERC and its automatic cost recovery mechanism.
- Neal Cruz of the Inquirer is complaining about Meralco’s high rates and the P57 billion is still owes Napocor from the old Ten Year [supply] Agreement.
- Donnabelle Gatdula and Paolo Romero of the Philippine Star have a fascinating report on Napocor problems including the fact that Napocor invoked “national interest” to divert a private coal shipment (a huge panamax coming from Australia) from Masinloc to Sual to avert a power outage that could have occurred one hour before Arroyo’s State of the Nation Address? Are you kidding me? Sual ran out of coal?
- Manila Journal writes
about poverty undermining DOE’s AMORE project for off-grid solar while Abigail Ho of the Inquirer has an article on the expansion of AMORE program.