Agus-Pulangi plants earned P68B, Pulangi IV goes on line

DAVAO CITY—The government-run hydroelectric power plants in Mindanao had earned P68 billion since they came online more than a decade ago, but the income had been used to fund operating losses of the non-hydroelectric power sources, the Mindanao Development Authority (MinDA) said.

Sec. Luwalhati Antonino,  chairman of the MinDA, said a report from the Power Sector Assets and Liabilities Management (PSALM) showed the Agu and Pulangi hydroelectric power complex earned P68 billion since 2001, or an annual income average of P6 billion.

Antonino said “whatever net income they generated was eaten up by other losing government power assets in Mindanao.”



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Agus-Pulangi plants earned P68B, Pulangi IV goes on line