MALOLOS
CITY—The National Power Corporation (Napocor) is no longer fear shortage of
fund and fuel for its power plants.
This
came as Napocor successfully bid out fuel procurement for 2014 while it
increased debt collection and secured government subsidy for its capital
expenditures (Capex).
These
are some of the highlights in the accomplishment report of Gladys Sta. Rita in
her first 90-days as the first female president and Chief Operating Officer
(CEO) of the Napocor.
Speaking
to journalist during the weeklong celebrations of the 77th founding
anniversary of Napocor, the former Provincial Administrator of Bulacan said
that for the first time, Napocor was able to bid out its fuel requirement three
months in advance.
“Hindi
na kami natatakot ngayon na kakapusin kami ng fuel because we were able to bid
out our oil-based fuel requirement for small power utilities group (SPUG),” she
said.
In
the past, Sta. Rita said that the power company used to have the bidding in the
month of February.
“This
will ensure fuel availability and that the Romblon incident as thing of the
past,” she said referring to brown out in the island of Romblon due to shortage
of fuel.
Sta.
Rita also noted that Napocor have completed its fuel operations manual and is
coordinating with the Department of Justice for the filing charges against
those involved in pilferage or illegal fuel transfer.
With
regards to budget efficiency, she said that close coordination with the
Department of Budget Management (DBM) and the Energy Regulatory Commission paid
off.
She
said that Secretary Florencio Abad of the DBM issued a letter expressing
support to Napocor in case of projected shortfall in the operations of the SPUG
next year.
For
its part, the ERC approved Napocor’s Universal Charge for Missionary Electrification (UCME) amounting to
P7.4-Billion along with the P2.763-B for the same in 2014.
UCME
is a subsidy approved by the ERC for the electrification of off-grid or
missionary areas that are not connected to the main transmission grid. This is passed on and
collected
from all electricity end users nationwide.
For
the Capex, Sta.Rita announced that a special allotment release order (SARO) for
the national government subsidy of P969-M to Napocor has been issued with the
Certificate of Availability of Funds.
She
said that it would have not happened if not for the cooperation of employees in
the last 90 days in preparing documents for release of the Capex.
Earlier,
Sta. Rita said that DBM advised that that it was impossible for Napocor to
complete all the requirements since it was already mid-year, but they did.
With
regards to debt collection from electric cooperatives, Napocor’s efficiency
improved from 23 percent to 33.7 percent which equivalent to P35-M collection
to P72.5-M from Basilan, Sulu and Taw-tawi provinces alone.
In
all, Sta Rita said the Napocor is chasing a totalof 4.4-Billion in outstanding
receivables, of which, 77 percent or P3.4-Billion comes from the Autonomous
Region on Muslim Mindanao (ARMM) provinces of Basila, Sulu at Tawi-tawi which
are collectively known as BaSuTa.
Due
to above accomplishments, Star Rita said that Napocor can not pursue long over
due project.
This
includes theP135.4-M for Codon-Virac Transmission line and the 10 MVA Marinawa
substation; P119.3-M Cataingan-Mobo-Aroroy Transmission Line in Masbate; P4-M
Abo-Abo-Quezon Rizal transmission line survey investigation, and the P24.3-M
Transmission line and substation projects in Mindoro.
To
increase power generating capacity, Napocor is investing a totalof P203.5-M;
and another P28.9-M increase operating hours of its power stations by
[priocuring spare parts. Dino Balabo
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