The House of Representatives will review the implementation of the Electric Power Industry Reform Act (Epira) law, House Speaker Feliciano Belmonte Jr. said on Friday. Belmonte was referring to the law that mandates the government to sell 70 percent of the plants of the National Power Corp. (Napocor) within three years from its enactment. The move will pave the way for competition among private buyers that is expected to bring down power rates.
“We will review and assess, through the Joint Congressional Power Commission, the implementation of the Epira in the following areas: competition in the power generation sector; operation of the Wholesale Electricity Sport Market (WESM); privatization of Napocor’s generation and transmission assets; stranded costs; IPP contracts; and new generating capacities,” Belmonte said in a speech he delivered before the Makati Business Club and the Management Association of the Philippines on Friday.
IPP stands for Independent Power Producer.
The said measure, Belmonte noted, will vouchsafe the equality and uniformity in the treatment of investors, transparency in the award of contracts and predictability in the relations between the government and private investors.
“Through these initiatives, we expect to attract more foreign investors and to stop local investors from exporting their investments,” Belmonte added.
He also disclosed that the Lower Chamber is mulling to adopt a pocket “open skies” policy to allow foreign carriers access to selected airports to significantly increase trade volumes and the country’s tourism receipts. –LLANESCA T. PANTI, Manila Times
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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