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MoNDAY / IvfaY 27, 2019 Ag

WV/!V.INQUIRER.NET

rMurangku ryente, bill to benefit big firms'


cern that the measur_e, which of the "murang/ kuryente around 6o tg 70 percent of the cent share of the royalties from the Malampaya Fund and "use il
By M€lvin Gascon
passed the bicameral'commit- (cheap electricity)"'bill, would Malampaya Fund will be used the $4.s-billion Malampaya nat- at their own volition."
@melvingasconlNQ_ ural. gas project off Palawan "That is as if we have allowed
tee in March, would only cir- allow ihe use of the P2o7-bil- to iay for th€ stranded contract
' the unscrupulous in governmenl
The impending passage of the cumvent the law that governs lion Malampaya Fund to PaY cost and debt repaYment of province since 2oo2
Napocor, while the rest will be to just squander the MalampaY;
so-called "murang kuryente" the disposition of the Malam- off Napocor's debts, which
bill, which seeks to use the P2o7- paya Fund. are being passed on to co4- used to fund. the exploration of Fund diversion feared . Fund, especially if they inten'
billion Malampaya Fund to pay ' "While we want to lower the sumers through the "universal alternative eilergy resources. The disposition of the tionalty bloat the stranded costs
off the debts of National Power rate of electiicity, bi8 corpora- charge" in their monthly The funds will be trans- Malampaya Fund has been em- . ofNapocor," he said.
tions should not be the ones to elecrric bill. ferred to Power Sector Assets broiled in controversies, includ- He said the Makabayar
Corp (Napocor), will only benefit I

and Liabilities Management ing a long-standing disputg be- coalition voted against the "de'
big corporations, and will not benefit from the taxpayer mon-
twee.n the provincial govern- ceptive" measure as it fearec
I

ease thesufferings ofconsumers ey, including these proceeds Pvo-a-month savings j Corp., the entity created bY the
from our finite. natural re- This would mean savings o Electric Power Industry Reform ment of Palawan and the na- this would "wipe out" th(
from the high cost of elecfficity, Malampaya Fund, since the nat
party list group Bayan Muna source," he said. about P17o a month for house Act to handle the Privatization tional government.
holds consuming 2oo kilowatt and finances of Naiocor. Zarate, however, warned ural gas reserve of MalampaYi
warned oir Saturday. Sen. Sherwin Gatchalian,
hours monthly, Gatchalian said.l The Malampaya Fund repre- that the law would allo$' the ex- is supposedly close to being de
Bayan Muna Rep. Carlos Is- who chairs the Senate enerAy
agani Zarate expressed con- committee, said the approval Under the proposed lawl sents the government's 60-Per- ecutive department to divert pleted in a few years. INQ

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