Aquino cites improving PHL-Korea partnership
NAGA CITY, Cebu: President Benigno S. Aquino III cited the strengthening relations between the Philippines and Korea during the inauguration of the 200-megawatt coal-fired power plant of Korean Electric Power Corporation (KEPCO) here Monday saying the formal opening of the power plant was “another step toward improving our partnership.”
He added that with this new power generating facility, 11 percent of the country’s electric generation requirements have been met.
“The Korean Electric Power Company has long been a strong partner of the Philippine government. To date, they have already provided, and continue to provide, around 11 percent of our country’s generation capacity, and I assume that with the lever I pulled just moments ago, that percentage will continue to rise in the coming months,” the President told the audience composed of KEPCO officials led by its president Ssang Su Kim, Cebu officials led by Governor Gwendolyn Garcia, employees and members of media.
NAGA CITY, Cebu: President Benigno S. Aquino III cited the strengthening relations between the Philippines and Korea during the inauguration of the 200-megawatt coal-fired power plant of Korean Electric Power Corporation (KEPCO) here Monday saying the formal opening of the power plant was “another step toward improving our partnership.”
He added that with this new power generating facility, 11 percent of the country’s electric generation requirements have been met.
“The Korean Electric Power Company has long been a strong partner of the Philippine government. To date, they have already provided, and continue to provide, around 11 percent of our country’s generation capacity, and I assume that with the lever I pulled just moments ago, that percentage will continue to rise in the coming months,” the President told the audience composed of KEPCO officials led by its president Ssang Su Kim, Cebu officials led by Governor Gwendolyn Garcia, employees and members of media.
The President added that this inaugural was a clear testament of the international community’s confidence for the “capabilities and talent of the Filipino people.”
“I am glad to be here with you today in taking another step toward improving our partnership. On behalf of the Filipino people, I extend my gratitude to KEPCO for their continued confidence in us—in our administration, and, more importantly, in the capabilities and talents of the Filipino people,” the President said.
The President likewise lauded the implementation of the Wholesale Electricity Spot Market in the Visayas region which he said “paved the way for the timely commissioning of new power plants as investors are now provided with opportunities to sell power at reasonable profits.”
“More importantly, the Wholesale Electricity Spot Market has played a significant role in stabilizing electricity supply and has eliminated the manual load dropping (or rotational brownouts) of customers,” the President said.
“We now have 180 market players in the integrated Luzon and Visayas market, and the selling price in the Wholesale Electricity Spot Market for both Luzon and Visayas has reached a low 3.8 pesos per kilowatt hour in April of this year as opposed to the National Power Corporation regulated price of 4.67 pesos per kilowatt hour. This measure has likewise increased investor interest in the region, and perhaps this is proven even further by today’s inauguration,” he added.
The President pointed out that with this renewed stability in electricity distribution, industries in the region can continue to flourish and expand as it meets the demands of its customers and clientele.
“This power plant we are inaugurating today will make certain that the energy needs of our citizens in this part of the country are met. In Cebu, for example, where the economy continues to grow, this power plant will help keep up with increasing demand,” the President said.
“As more people around the world buy Cebu made furniture, and as more and more of them come to join the Sinulog festivities or to eat the unparalleled Cebu lechon, production capacities for your businesses will have to increase, and the available accommodations for visitors will have to increase as well; and none of this is possible if you do not have enough electricity,” he added. (PCOO)
Aquino announces proposal for new nautical highway
NAGA CITY, Cebu: President Benigno S. Aquino III announced that a proposal to construct a new nautical highway traversing the islands of Luzon, Visayas and Mindanao is being studied to assess its viability and impact on the environment.
The Chief Executive made the announcement in his speech keynoting the inauguration of the 200-megawatt coal fired power plant of the Korean Electric Power Corporation (KEPCO) on Monday here.
“There are ongoing studies that will make the nautical highway even more efficient. They will practically cut by a third the travel time it would take to travel from Luzon to Mindanao once it is accomplished,” the President said.
He added that instead of traversing the “outer perimeter” of the country, the proposed nautical highway will pass through the country’s middle area or “spine” to cut travel time.
“And of course Cebu will be at the lynch pin of this nautical highway which will traverse the inner portion of the country as opposed to the current outside perimeter that has to be travelled,” the President stressed. (PCOO)
Aquino condoles with former President and Mrs. Ramos on the untimely death of their daughter
President Benigno S. Aquino III extended his deepest sympathies to former President and Mrs. Fidel V. Ramos on the untimely passing of daughter, Josephine Martinez Ramos, who succumbed to cancer today.
“Ms. Ramos’ love for, and accomplishments, in music, was testimony to the musical passion she shared with her mother; and in athletics, she participated in the national team that gained distinction for the country in the SEA Games in the 1970s,” Presidential Spokesperson Edwin Lacierda said in a statement issued on Monday in Malacanang.
“The loss of any loved one is grave, indeed; the demise of a child is particularly painful for parents,” he said.
Lacierda said the President assured former President and Mrs. Ramos that he will “keep their entire family in his thoughts and prayers at this time of deep loss.” (PCOO)
The President likewise lauded the implementation of the Wholesale Electricity Spot Market in the Visayas region which he said “paved the way for the timely commissioning of new power plants as investors are now provided with opportunities to sell power at reasonable profits.”
“More importantly, the Wholesale Electricity Spot Market has played a significant role in stabilizing electricity supply and has eliminated the manual load dropping (or rotational brownouts) of customers,” the President said.
“We now have 180 market players in the integrated Luzon and Visayas market, and the selling price in the Wholesale Electricity Spot Market for both Luzon and Visayas has reached a low 3.8 pesos per kilowatt hour in April of this year as opposed to the National Power Corporation regulated price of 4.67 pesos per kilowatt hour. This measure has likewise increased investor interest in the region, and perhaps this is proven even further by today’s inauguration,” he added.
The President pointed out that with this renewed stability in electricity distribution, industries in the region can continue to flourish and expand as it meets the demands of its customers and clientele.
“This power plant we are inaugurating today will make certain that the energy needs of our citizens in this part of the country are met. In Cebu, for example, where the economy continues to grow, this power plant will help keep up with increasing demand,” the President said.
“As more people around the world buy Cebu made furniture, and as more and more of them come to join the Sinulog festivities or to eat the unparalleled Cebu lechon, production capacities for your businesses will have to increase, and the available accommodations for visitors will have to increase as well; and none of this is possible if you do not have enough electricity,” he added. (PCOO)
Aquino announces proposal for new nautical highway
NAGA CITY, Cebu: President Benigno S. Aquino III announced that a proposal to construct a new nautical highway traversing the islands of Luzon, Visayas and Mindanao is being studied to assess its viability and impact on the environment.
The Chief Executive made the announcement in his speech keynoting the inauguration of the 200-megawatt coal fired power plant of the Korean Electric Power Corporation (KEPCO) on Monday here.
“There are ongoing studies that will make the nautical highway even more efficient. They will practically cut by a third the travel time it would take to travel from Luzon to Mindanao once it is accomplished,” the President said.
He added that instead of traversing the “outer perimeter” of the country, the proposed nautical highway will pass through the country’s middle area or “spine” to cut travel time.
“And of course Cebu will be at the lynch pin of this nautical highway which will traverse the inner portion of the country as opposed to the current outside perimeter that has to be travelled,” the President stressed. (PCOO)
Aquino condoles with former President and Mrs. Ramos on the untimely death of their daughter
President Benigno S. Aquino III extended his deepest sympathies to former President and Mrs. Fidel V. Ramos on the untimely passing of daughter, Josephine Martinez Ramos, who succumbed to cancer today.
“Ms. Ramos’ love for, and accomplishments, in music, was testimony to the musical passion she shared with her mother; and in athletics, she participated in the national team that gained distinction for the country in the SEA Games in the 1970s,” Presidential Spokesperson Edwin Lacierda said in a statement issued on Monday in Malacanang.
“The loss of any loved one is grave, indeed; the demise of a child is particularly painful for parents,” he said.
Lacierda said the President assured former President and Mrs. Ramos that he will “keep their entire family in his thoughts and prayers at this time of deep loss.” (PCOO)
