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PNOC-RC could take over Agus-Pulangui operations

Instead of decommissioning the Philippine National Oil Company-Renewables Corporation (PNOC-RC), the Department of Energy (DOE) is proposing that it be positioned to takeover the operations of the 982-megawatt Agus-Pulangui hydropower complex in Mindanao in case the final decision is to retain these assets under government ownership.

Energy Undersecretary Felix William Fuentebella said this is an option they are seriously considering at this point – and also a proposal that the department would lodge to Congress relative to the future of the Mindanao hydropower facilities.

“Instead of creating a new company, our course of action is to align PNOC-RC for the operations of Agus-Pulangui assets, after all, it’s already an existing entity,” he said.

It must be noted that stakeholders in Mindanao have been proposing the creation of a new entity to assume the operations of the hydropower plants once spun off from the Power Sector Assets and Liabilities Management Corporation.

Their take is to set up Mindanao Power Corporation as the corporate vehicle for Agus-Pulangui and that entity shall similarly ensure that the benefits accruing from the plants be funneled to the electricity consumers of Mindanao only – and not in any way be shared with end-users in Luzon and Visayas.