15 August 2011 in The Daily Tribune
Worries raised over delay in RE dev’t law
Global Green Power PLC Corp., a UK-invested company developing local biomass power plants, has called on President Aquino to hasten the development of renewable energy at the soonest possible time.
In an open letter to Aquino, Maribeth de Montaigne, GGPC president, said the efforts of the Department of Energy (DoE) to promote renewable energy experienced a setback by the pronouncement of the Board of Investments (BoI) to “delay the implementation of the RE (Renewable Energy) Act.”
Sen. Edgardo Angara also reiterated a call for government to hasten efforts in implementing mechanisms for the promotion of a local RE industry.
Angara, chairman of the congressional commission on science, technology and engineering (Comste), made the statement after the Energy Regulatory Commission (ERC) suspended its public hearing on the feed-in-tariff (FIT) rates petitioned by the National Renewable Energy Board (NREB), after it was discovered that NREB failed to publish the full proposal due to lack of funds.
NREB chairman Pedro Maniego, however, hinted the deficiency may be resolved soon as he said “It’s good that the DoE will help us, as NREB itself does not have any budget.”
De Montaigne said the diligent hard work of the Energy Team led by Energy Secretary Jose Almendras, the efforts of the NREB led by Maniego along with all those who have strived so hard to deliver affordable RE appear to have been negated by the recent BoI statement.
“This is something we cannot understand as the nation faces yet another impending power crisis. What will be our alternative? Continued unabated expansion and use of imported coal and oil?” the official said.
De Montaigne said the country is looking forward to a higher growth rate as international investor confidence in the Philippines is renewed and the energy sector must be ready to support this surge in the economy with sufficient and reasonably priced electricity