Power Sector Concerns Part IV: Financing for Badly Needed Power Plants
Leave a commentJune 1, 2015 by centrehumanes
Philippine Power Plant Generation Projects Without Financial Closing
May 12, 2015
Seriously Hemorrhaging Power Sector
In 1990, the National Economic Development Authority – NEDA, asked for the input of the Department of National Defense then under Secretary Fidel V. Ramos, for the medium term projections of the national economic development plan.
We drafted the response of Secretary Ramos and one of our more prominent suggestions was for the Philippines to increase by leaps and bounds its refining capacity for raw diesel fuel and to make a firm target of building a nationwide power infrastructure with a generation capacity of 100,000 Megawatts or even higher.
At the time, the Philippine population, 60,703,206 compared to that of Taiwan that had only a population of 20,393,628 was 2.97 times as many as Taiwan’s or 297% bigger. In that period, Taiwan already had an installed capacity of around 20,000 Megawatts.
The total land area of Taiwan…
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