From Positive News Media
Baguio inclined to lease Asin hydro-electric plants
By
Jul 2, 2009 - 2:35:42 PM
BAGUIO
CITY, July 3 (PNA) - The city administrator here yesterday confirmed that
Baguio city government is considering to lease its Asin hydro-electric
plants which, for a number of years, enabled the city to receive
millions of pesos as share in the power production.
Lawyer
Peter Fianza said the initial idea for the move for a contract similar
to the 20-period management of the Hydroelectric Corporation (HEDCOR)
came about before City Mayor Reinaldo Bautista, Jr. left Monday for
official trip abroad.
"Even
the city council is now considering the option after a foreign-based
study group determined that the facility could generate annually 24.68
million kilowatts of electricity worth some 2.3 million U.S. dollars.
The city, however, to realize the maximum production would be spending
11.6 million U.S. dollars to totally rehabilitate the Asin hydro,"
Fianza explained.
Records
show that after the lapse of the HEDCOR lease in 2007, the city
government assumed the hydro plants' maintenance and production but the
output has not been as high as before.
Fianza
said the city government is yet to formally deliberate on the proposals
to "let it to a private sector the management of the facility which
would result in our better revenues and sustained production of clean
energy from indigenous sources." (PNA)
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