President orders all gov't agencies to support Clark's P1.95-B power project
President orders all gov't agencies to support Clark's P1.95-B power project
President Gloria Macapagal-Arroyo has ordered all heads of concerned government agencies to support the implementation of the government's P1.94-billion, 230-kilovolt power infrastructure project for the Clark Freeport Zone (CFZ).
The President likewise directed all government departments and instrumentalities to support the investment of the US-based Texas Instruments at the Texas Instruments Special Economic Zone and Baguio City Economic Zone (BCEZ).
The order, which was embodied in Executive Order No. 666, was signed by the Chief Executive last Sept. 25.
It also directed all state agencies to "give full support and assistance" to TRANSCO (National Transmission Corp.) and CDC (Clark Development Corp.) to expedite the implementation of the 230-kv Concepcion-Clark Power Transmission Project (CCPTP).
The CCPTP will provide the power infrastructure requirements of existing and future CFZ locators, and fulfill the government's commitment to provide the power requirements of TI's P1.7-billion expansion project at the Freeport.
"There is a need for all concerned government entities to fulfill the commitments of the Philippine government to TI in return for the latter's decision to locate in the CFZ," the EO said.
The President pointed out that the TI expansion project would "bring in numerous suppliers of TI and thus make the Philippines more attractive to foreign direct investments, thereby generating more locators in CFZ that will generate more employment, boost exports, and enhance the country's economic growth."
TI's additional investment in the country is expected to attract 500 of its suppliers to also locate at CFZ, thus the need to increase the industrial zone's power supply capability.
In anticipation of increased demand for power supply, the Clark Development Corp. (CDC) and TRANSCO have agreed to build a more reliable transmission system to meet the power requirements of existing and future locators at the CFZ.
The power project, which will be implemented in three stages, has an economic life of 30 years, according to the National Economic and Development Authority (NEDA), which approved the project.
The First Phase, or Package A, will be implemented and financed by TRANSCO, while Package B will be implemented by CDC. Both packages, which will receive get full technical and financing support from TRANSCO, are scheduled to be completed in April next year.
Fifty percent of the cost of Phase 1 will be reimbursed by CDC to TRANSCO, the EO said.
The Second Stage, or Phase 2, will likewise be implemented by TRANSCO and CDC, but the total cost of the project will be shouldered by CDC.
Phase 2 is expected to be completed in May 2009.
"In particular, the Bases Conversion Development Authority (BCDA) and CDC shall grant free access and free use of right-of-way in the Subic-Clark-Tarlac Expressway and inside the CFZ," EO 666 further stated.
In view of the urgent need to deliver to TI the Philippines' power infrastructure commitment in time with the scheduled commercial operation of the company at CFZ, the President also authorized the CDC, as the owner representative, to directly negotiate for the TI Load-End substation "subject to existing laws, rules and regulations," while TRANSCO will provide full technical assistance.
TI will also enjoy discounted generation and transmission rates for up to 10 years of its contract at CFZ.
The President stressed that TI's $1.7-billion expansion project at CFZ is the "single biggest investment in Philippine history," breaking "the China Myth" as the preferred TI investment destination.
Initially, the TI expansion project will cover eight hectares of land at CFZ and employ around 3,000 people at the start of the project. Once fully operational, the number of TI's employees at the zone is expected to increase to 10,000.
The power and other infrastructure projects in the area will also fulfill the President's vision for CFZ and Subic Freeport Zone as the premier logistics hubs in the Asia-Pacific region as outlined in her 10-point agenda. (PIA)
The President likewise directed all government departments and instrumentalities to support the investment of the US-based Texas Instruments at the Texas Instruments Special Economic Zone and Baguio City Economic Zone (BCEZ).
The order, which was embodied in Executive Order No. 666, was signed by the Chief Executive last Sept. 25.
It also directed all state agencies to "give full support and assistance" to TRANSCO (National Transmission Corp.) and CDC (Clark Development Corp.) to expedite the implementation of the 230-kv Concepcion-Clark Power Transmission Project (CCPTP).
The CCPTP will provide the power infrastructure requirements of existing and future CFZ locators, and fulfill the government's commitment to provide the power requirements of TI's P1.7-billion expansion project at the Freeport.
"There is a need for all concerned government entities to fulfill the commitments of the Philippine government to TI in return for the latter's decision to locate in the CFZ," the EO said.
The President pointed out that the TI expansion project would "bring in numerous suppliers of TI and thus make the Philippines more attractive to foreign direct investments, thereby generating more locators in CFZ that will generate more employment, boost exports, and enhance the country's economic growth."
TI's additional investment in the country is expected to attract 500 of its suppliers to also locate at CFZ, thus the need to increase the industrial zone's power supply capability.
In anticipation of increased demand for power supply, the Clark Development Corp. (CDC) and TRANSCO have agreed to build a more reliable transmission system to meet the power requirements of existing and future locators at the CFZ.
The power project, which will be implemented in three stages, has an economic life of 30 years, according to the National Economic and Development Authority (NEDA), which approved the project.
The First Phase, or Package A, will be implemented and financed by TRANSCO, while Package B will be implemented by CDC. Both packages, which will receive get full technical and financing support from TRANSCO, are scheduled to be completed in April next year.
Fifty percent of the cost of Phase 1 will be reimbursed by CDC to TRANSCO, the EO said.
The Second Stage, or Phase 2, will likewise be implemented by TRANSCO and CDC, but the total cost of the project will be shouldered by CDC.
Phase 2 is expected to be completed in May 2009.
"In particular, the Bases Conversion Development Authority (BCDA) and CDC shall grant free access and free use of right-of-way in the Subic-Clark-Tarlac Expressway and inside the CFZ," EO 666 further stated.
In view of the urgent need to deliver to TI the Philippines' power infrastructure commitment in time with the scheduled commercial operation of the company at CFZ, the President also authorized the CDC, as the owner representative, to directly negotiate for the TI Load-End substation "subject to existing laws, rules and regulations," while TRANSCO will provide full technical assistance.
TI will also enjoy discounted generation and transmission rates for up to 10 years of its contract at CFZ.
The President stressed that TI's $1.7-billion expansion project at CFZ is the "single biggest investment in Philippine history," breaking "the China Myth" as the preferred TI investment destination.
Initially, the TI expansion project will cover eight hectares of land at CFZ and employ around 3,000 people at the start of the project. Once fully operational, the number of TI's employees at the zone is expected to increase to 10,000.
The power and other infrastructure projects in the area will also fulfill the President's vision for CFZ and Subic Freeport Zone as the premier logistics hubs in the Asia-Pacific region as outlined in her 10-point agenda. (PIA)
Labels: bcda, cdc, cfz, clark, power plant
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