16 Jan 2002 – A report in the Philippines Daily Inquirer Wednesday reveals that the Philippine government is to receive 5.2bn pesos ($101m) in international assistance for energy related projects this year including the country’s rural electrification programme.
The report said that the World Bank is considering lending 2.5bn pesos to the Department of Energy for the electrification project, which involves improvements to the rural electric co-operatives.
The Asian Development Bank, or ADB, is expected to release 2.65bn pesos in loans this year to fund power transmission-related projects due for completion before the government privatizes state-owned National Power Corp. (Q.NAP), or Napocor, later this year.
The ADB is also expected to provide funds totalling 107.15m pesos to the Philippine government for technical assistance in Napocor’s privatization implementation. The funds will be used to support the Philippine government’s plan to open up the Philippine power sector and support competition in the downstream oil industry.
The report also said the Japanese government will fund the Palawan Provincial Energy Master Plan – to develop power generation, transmission and distribution in the province.
The amount of financial assistance for the Palawan project hasn’t yet been determined, according to the report.