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DOF, NPC rehabilitating Agus-Pulangi power plants

MANILA - The Department of Finance (DOF) is now finetuning a proposed arrangement with the Power Sector Assets and Liabilities Management Corporation (PSALM) and National Power Corp. (NPC) on the funding rollout and implementation of the estimated PHP16.71-billion rehabilitation projects for the decades-old facilities in the Agus-Pulangi Hydropower Plant Complex (APHPC) in Mindanao. Under the proposed memorandum of agreement (MOA), the DOF will be the main implementing agency, loan borrower and budget holder, and loan borrower for the rehabilitation projects. The PSALM and NPC, as owner and operator, respectively, of the APHPC will both serve as the implementing units. Divided into two projects, the first series will involve the rehabilitation of the Agus IV, V, VI, and VII plants in the APHPC, which is expected to generate a total rated capacity of 417.1 megawatts, said NPC officer-in-charge (OIC) senior vice president Melchor Ridulme in his report to Finance Secretary Carlos Domingue ....

Tagus River , Philippines General , Melchor Ridulme , Rodrigo Duterte , National Economic , Department Of Finance , World Bank , Development Authority , National Power Corp , Liabilities Management Corporation , Power Sector Assets , National Power , Agus Pulangi Hydropower Plant Complex , Finance Secretary Carlos Dominguez , President Rodrigo Duterte , Lanao Lake , Pulangi River , Manila The Department Of Finance Dof Is Now Finetuninga Proposed Arrangement With Power Sector Assets And Liabilities Management Corporation Psalm National Corp Npc On Funding Rollout Implementation Estimated Php16 71 Billion Rehabilitation Projects For Decades Old Facilities In Agus Pulangi Hydropower Plant Complex Aphpc Mindanao Under Memorandum Agreement Moa , He Dof Will Be The Main Implementing Agency , Oan Borrower And Budget Holder , Nd Loan Borrower For The Rehabilitation Projects Psalm And Npc , S Owner And Operator , F The Aphpc Will Both Serve As Implementing Units Divided Into Two Projects , He First Series Will Involve The Rehabilitation Of Agus Iv , Nd Vii Plants In The Aphpc , Hich Is Expected To Generatea Total Rated Capacity Of 417 1 Megawatts ,