Wednesday, 16 May 2012 13:18
President Benigno Aquino III said the decision on whether to privatize Agus-Pulangui hydro power plants could not be done with a click of a thumb.
The President said the privatization issue “is not biglaan”, when asked during his visit on Monday to grace the People’s Organizations (POs) Congress in line with Department of Agriculture’s Mindanao Rural Development Program (MRDP) at the Grand Regal Hotel here.
“We need to study everything the pros and cons, the financial state of Napocor if it is earning or otherwise,” he said.
He said there are numerous technicalities needed to study to come up with a concrete stand on Agus-Pulangui hydro power plants.
He clarified however that the study is ongoing amid the strong opposition raised by Mindanaons on the privatization matter.
Aquino said the proposal that reached him is no privatization of Agus-Pulangui to investors who are not Mindanaons.
“Ang nakarating sa akin na recommendation is no to privatization that means it will remain with Napocor,” he said elaborating that to his interpretation the proposal is privatization of Agus-Pulangui for purely Mindanaon investors.
He also cited the 30 percent disallowable ownership by a single corporation as provided in the EPIRA law should also be considered if Agus-Pulangui is privatized.
Aquino reiterated that whatever decision arrived at, shall abide by the law, hence, should be carefully studied and not be hastily done.
Davao del Norte Governor Rodolfo del Rosario in a separate interview said what the President had earlier raised during the recent Mindanao Power Summit was the creation of a Mindanao Power Monitoring Committee first for Mindanaons power sector to pull their acts together as one in resolving the power supply problem.
From there, it would already be possible to come with a Mindanao Power Corporation that will take over Napocor in managing and owning Agus-Pulangui hydro power plants.
“We must create our own power corporation,” Del Rosario said.
In the light of the developments following the summit, including the study being conducted on Agus-Pulangui, “it seems to be getting clearer” the efforts on solving the Mindanao power problem, Del Rosario said.
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