Sale of Agus plant tossed to next administration

by Myrna Velasco, 15 March 2015
from Manila Bulletin

The sale of the 727-megawatt Agus hydropower complex in Mindanao has already been tossed to the next administration based on the sale timeline drawn up by the Power Sector Assets and Liabilities Management Corporation.

Documents show that the divestment target for the Agus plants has been moved to year 2017 from previous plans of having it privatized during President Aquino’s reign. The Agus complex will be privatized along with the 255MW Pulangui hydropower facility.

PSALM said the divestment of the Agus-Pulangui facilities shall still be “subject to consultation with Congress as provided under the EPIRA (Electric Power Industry Reform Act).”

As early as 2012, the Aquino administration already tried packaging the sale of the Agus complex.

However, consumers in the electricity supply-snarled Mindanao grid vehemently opposed it. Lending voice to that position include the various local government units of whose servicing power utilities have been drawing their power from the Agus plants.

Apprehensions were also raised that when the hydro plants would be transferred to private sector hands, electricity rates in Mindanao may go up.

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