PHOTO CAPTION: The United States Agency for International Development (USAID) and MORE Power will be working together in the former’s Energy Secure Philippines (ESP) Activity that will bring in additional technical know-how and new technologies in the global power sector that will ultimately further improve the operations of Iloilo City’s distribution utility in the future./iNews (Photos courtesy of USAID and MORE Power Facebook pages)
ILOILO CITY–As one of the pilot distribution utilities chosen by the United States Agency for International Development (USAID) to take part in its Energy Secure Philippines (ESP) Activity in partnership with the Department of Energy (DoE), Energy Regulatory Commission (ERC), and other national and local government partners, USAID-ESP chief of party Divina Chingcuanco recently corresponded with MORE Electric and Power Corporation (MORE Power) president and chief operating officer Roel Z. Castro asking for the power distribution utility’s help “to understand the best practices in operating a distribution utility in the country”.
As one of its partners, USAID, through its primary implementing partner RTI International, will be working closely with MORE Power “to assess its utility operations and review its short-term and medium-term plans on utility improvement and reliability”.
Based on the ESP framework, RTI will support MORE Power by providing technical know-how and introducing new technologies available in the market that will enable it to further improve its operations.
Chingcuanco further stated in the letter to Castro dated September 14, 2021, that “to conduct the task successfully, we would need to share substantial set of information that are considerably confidential in nature”.
“In this respect, RTI will keep the information received from MORE Power for the ESP project in confidence and ensure that the data will only be shared within the core group working within the ESP Activity. RTI likewise trusts that the data will be used solely for the purpose of achieving the objective of the ESP Activity,” she wrote.
To note, the ESP Activity’s overall objective is to mobilize at least US$750 million worth of private sector investments leading to an additional new generation capacity of at least 500 megawatts. Also, it envisions providing a total of US$7.5 million grants to encourage private sector participation and/or collaboration with local non-government entities in the implementation of identified interventions.
The ESP Activity is organized into three major objectives: a) Improve the performance of electric utilities; b) Increase the deployment of advanced energy sources and systems, and c) Enhance competition in the power sector./iNews