PGMA invites Chinese electric firm to explore investment possibilities
in RP power sector
BEIJING, People’s Republic of China -- President Gloria
Macapagal-Arroyo has invited a leading Chinese electric company to
visit the Philippines and propose ways to harness the country’s
natural power resources.
The President made the invitation to officials of Dongfang Electric
Corporation (DEC) who called on her Thursday in Chengdu City in
Sichuan province, her first stop in her current trip to China.
Trade and Industry Secretary Peter Favila said the DEC officials who
met with the President were led by Wang Ji, chairman of the power firm.
Favila said several other Chinese business leaders called on the
President to discuss investment possibilities in the Philippines.
After the meetings with the Chinese businessmen, the President motored
to the Sichuan town of Dujiangyan to distribute four truckloads of
Oishi noodles donated by Philippine Special Envoy Carlos Chan to the
May 12 earthquake victims.
Dujiangyan was among the areas hardest hit by the May 12 disaster. The
quake victims have been resettled by the Sichuan in relocation sites.
The President and her 11-member delegation arrived in Beijing from
Chengdu City last night.
DEC is a state-owned company specializing in “power equipment
manufacturing and worldwide power projects contracting for thermal,
hydro, nuclear, wind, gas turbine, combined-cycle power plant, and
power distribution systems.”
President Arroyo noted that DEC’s electric power-sourcing expertise is
“something we would like to see” and so she “invited them to come over
(to the Philippines),” Favila said.
The DEC officials briefed the President on their projects, offering to
build some for the Philippines, and so she said, “Come visit us in the
Philippines, have a look,” Favila said.
The DEC has an annual power production capacity of more than 23,000
megawatts (mw). Its products range from 0.75 mw to 300 mw; 600 mw, and
1,000 unit capacity for thermal energy; plus up to 700 mw unit
capacity in hydro; 1,000 mw for nuclear power; 2670 mw gas turbine;
and 1.5 mw wind turbine.
Hundreds of DEC “products” are now being operated both domestically
and overseas such as the United States, Canada, Malaysia, Pakistan,
Bangladesh, Iran, Iraq, Indonesia, Albania, the former Yugoslavia, the
Philippines and Peru.
The Philippine government has been looking for ways to reduce the
country’s dependence on imported fuel oil by investing heavily on
non-oil programs, including the largescale cultivation of jatropha.
The Arroyo administration has also stepped up efforts to harness
hydro, wind, steam and solar power as sources of energy.