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Manila Bulletin devider Philippines devider National devider Malampaya service deal extension to prevent power outages, says Romualdez

Malampaya service deal extension to prevent power outages, says Romualdez

Published May 15, 2023 07:30 am
House Speaker Martin Romualdez (Speaker's office)



The 15-year extension of the Malampaya Service Contract No. 38 (SC 38) will lead to the prevention of power outages and its undesirable economic repercussions. Thus, said House Speaker Martin Romualdez, who personally witnessed on Monday, May 15 President Ferdinand "Bongbong" Marcos Jr.'s signing at Malacañang the renewal agreement of SC 38. “[The] extension of the SC 38 will not only reduce our dependence on imported oil as fuel for our power plants, which will help stabilize the price of electricity. More importantly, it would help boost our power reserves and prevent brownouts resulting in losses for businesses and suffering for our people,” Romualdez said in a statement. He added that the extension of the SC 38 will provide a steady supply of electricity as the Marcos administration pursues its long-term strategy of securing additional energy sources to drive down power costs and prevent outages. “The House of Representatives supports the initiatives of the administration of President Marcos, including its agenda to promote our energy security,” said Romualdez, Leyte's 1st district representative. The Malampaya service deal was originally set to expire on Feb. 22, 2024. It could be recalled that last week, Romualdez secured the commitment of party leaders during a caucus at the House of Representatives for the passage of the majority if not all of the 13 remaining priority measures of the Marcos administration listed under the Legislative-Executive Advisory Council (LEDAC) before the sine die adjournment of Congress on June 3, 2023. Included among these priority measures is the amendment to the Electric Power Industry Reform Act (EPIRA). According to the Department of Energy (DoE), the extension of the Malampaya service agreement will ensure a continued supply of natural gas to the 1200-megawatt (MW) Ilijan Power Plant, which is set to resume operation in late May this year. Ilijan, which provides around 15 percent of Meralco’s peak demand for electricity, has not been in operation since June last year due to retrofitting. On top of this, its gas supply agreement with Malampaya ended on June 5, 2022.

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Ferdinand Bongbong Marcos Malampaya Martin Romualdez
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