DoE to Modify Circular on Power Investments; in Response to Clamor of Distribution Utilities
Byline: MYRNA M. VELASCO
The Department of Energy (DoE) has reportedly agreed in principle to work at some modifications on a Circular it issued last year aimed at ensuring new investments to build up future power capacity.
A source from the energy department, however, refused to divulge what particular provisions would be amended in the Circular.
It would be noted that private distribution utilities have posed staunched opposition to this policy; as the State unilaterally transfers to them the sole responsibility to lure new power investments. The latest to join the fray was the countrys largest utility firm, Manila Electric Company.
Such precept …
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Publication information: Article title: DoE to Modify Circular on Power Investments; in Response to Clamor of Distribution Utilities. Contributors: Not available. Newspaper title: Manila Bulletin. Publication date: March 8, 2004. Page number: Not available. © 2009 Manila Bulletin Publishing Corp. COPYRIGHT 2004 Gale Group.
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