MANILA, Philippines – The Philippine Economic Zone Authority (PEZA) has received P1.166-billion funding support for the ecozone rate program (ERP).
PEZA director general Lilia B. De Lima said the Office of the President approved the funding support of P1.166 billion and has directed the Department of Budget and Management to source out and adopt a disbursement mechanism for the monthly release of funds to the Power Sector Assets and Liabilities Management (PSALM).
The Office of the President recently approved the extension of the National Power Corporation (NPC)/PSALM- Meralco memorandum of agreement providing for Ecozone special power rate.
The ERP is contained in the MOA signed last September 2007 between NPC and Meralco. It is an offshoot of the existing Transition Supply Contract (TSC) between the parties which expired last December 25. With the privatization of the assets of the NPC, the TSC, including the MOA was assigned to PSALM.
Under the MOA, industries with high load factor and with an average monthly consumption of one megawatt are given special generation rates because they are more efficient, and therefore, entitled to a more cost-effective rate which is reflective of their consumption pattern.
De Lima said that the Department of Trade and Industry (DTI), Department of Finance (DOF), the Department of Energy (DOE) and the Department of Budget and Management (DBM) endorsed the request of PEZA to the Office of the President which approved the extension of the Memorandum of Agreement between NPC-PSALM and Meralco providing for ecozone special or preferred rates to qualified PEZA export manufacturing companies until December 25, 2012 or until the implementation of the Retail Competition and Open Access (RCOA), whichever comes first.
The ERP was initially implemented to ecozone enterprises located in 13 PEZA Special Economic Zones within the Meralco franchise area.
Presently, there are 514 ecozone export enterprises located in 21 PEZA special economic zones that are enjoying the benefits of ERP. –Ma. Elisa P. Osorio (The Philippine Star)
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
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
