Convened by the Freedom from Debt Coalition (FDC), Visayas-based consumer groups, non-government organizations, electric cooperatives, labor groups, people’s organizations and local government units called for action against the privatization of the independent power producer administrator (IPPA) of the Unified Leyte Geothermal Power Plant (ULGPP) in Tongonan, Ormoc, Leyte.
The ULGPP, which has a 1,958 MW installed capacity accounting for almost 13 percent of the country’s energy production, is the single biggest source of electricity in the Visayas grid.
FDC warns that privatizing the biggest generation plant in the Visayas grid would result in rising electricity rates not just in the Visayas, but also to the Bicol region in Luzon.
Last Oct. 4, 2012, the state-run Power Sector Assets and Liabilities Management Corporation (PSALM) started bidding out the ULGPP.
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