Page 2 - Lanao Lake News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MANILA - The Department of Finance (DOF) is now finetuning a proposed arrangement with the Power Sector Assets and Liabilities Management Corporation (PSALM) and National Power Corp. (NPC) on the funding rollout and implementation of the estimated PHP16.71-billion rehabilitation projects for the decades-old facilities in the Agus-Pulangi Hydropower Plant Complex (APHPC) in Mindanao. Under the proposed memorandum of agreement (MOA), the DOF will be the main implementing agency, loan borrower and budget holder, and loan borrower for the rehabilitation projects. The PSALM and NPC, as owner and operator, respectively, of the APHPC will both serve as the implementing units. Divided into two projects, the first series will involve the rehabilitation of the Agus IV, V, VI, and VII plants in the APHPC, which is expected to generate a total rated capacity of 417.1 megawatts, said NPC officer-in-charge (OIC) senior vice president Melchor Ridulme in his report to Finance Secretary Carlos Domingue

Tagus riverPhilippines generalMelchor ridulmeRodrigo duterteNational economicDepartment of financeWorld bankDevelopment authorityNational power corpLiabilities management corporationPower sector assetsNational powerAgus pulangi hydropower plant complexFinance secretary carlos dominguezPresident rodrigo duterteLanao lake