Negros Occidental power rates decrease in December


BACOLOD: Residential power rates in Negros Occidental decreased in December due to a lower price in the Wholesale Electricity Spot Market (WESM), the venue for trading electricity as a commodity in the country.

The Northern Negros Electric Cooperative (Noneco) reported on Friday a reduction of PHP1.3139 per kilowatt hour (kWh) to only PHP11.8995 per kWh in December from PHP13.2134 kWh in November.

‘This is due to the decrease in the market price of WESM of PHP1.8037 per kWh,’ the management said.

Noneco, which covers the cities of Victorias, Cadiz, Sagay, Escalante, and San Carlos, and the municipalities of E.B. Magalona, Manapla, Toboso, and Calatrava, also purchases power supply from Green Core Geothermal Inc. (GCGI), Palm Concepcion Power Corp. (PCPC), and Panay Energy Development Corp. (PEDC).

Meanwhile, the Central Negros Electric Cooperative (Ceneco) announced a downward adjustment of P0.9754 per kWh in December, with the current month’s rate of PHP10.7694 per kWh, from PHP11.7448 kWh in November.

The rate reduction came from the decrease in total generation charges by 10.82 percent from the previous month after a drop in the WESM price of PHP1.5577 per kWh.

Ceneco, which also has power supply agreements with GCGI, PCPC, and Central Negros Power Reliability Inc., serves consumers in the cities of Bago, Talisay, Silay, and the municipalities of Murcia and Bago.
Source: Philippines News Agency

Negros Occidental power rates decrease in December


BACOLOD: Residential power rates in Negros Occidental decreased in December due to a lower price in the Wholesale Electricity Spot Market (WESM), the venue for trading electricity as a commodity in the country.

The Northern Negros Electric Cooperative (Noneco) reported on Friday a reduction of PHP1.3139 per kilowatt hour (kWh) to only PHP11.8995 per kWh in December from PHP13.2134 kWh in November.

‘This is due to the decrease in the market price of WESM of PHP1.8037 per kWh,’ the management said.

Noneco, which covers the cities of Victorias, Cadiz, Sagay, Escalante, and San Carlos, and the municipalities of E.B. Magalona, Manapla, Toboso, and Calatrava, also purchases power supply from Green Core Geothermal Inc. (GCGI), Palm Concepcion Power Corp. (PCPC), and Panay Energy Development Corp. (PEDC).

Meanwhile, the Central Negros Electric Cooperative (Ceneco) announced a downward adjustment of P0.9754 per kWh in December, with the current month’s rate of PHP10.7694 per kWh, from PHP11.7448 kWh in November.

The rate reduction came from the decrease in total generation charges by 10.82 percent from the previous month after a drop in the WESM price of PHP1.5577 per kWh.

Ceneco, which also has power supply agreements with GCGI, PCPC, and Central Negros Power Reliability Inc., serves consumers in the cities of Bago, Talisay, Silay, and the municipalities of Murcia and Bago.
Source: Philippines News Agency

Negros Occidental power rates decrease in December


BACOLOD: Residential power rates in Negros Occidental decreased in December due to a lower price in the Wholesale Electricity Spot Market (WESM), the venue for trading electricity as a commodity in the country.

The Northern Negros Electric Cooperative (Noneco) reported on Friday a reduction of PHP1.3139 per kilowatt hour (kWh) to only PHP11.8995 per kWh in December from PHP13.2134 kWh in November.

‘This is due to the decrease in the market price of WESM of PHP1.8037 per kWh,’ the management said.

Noneco, which covers the cities of Victorias, Cadiz, Sagay, Escalante, and San Carlos, and the municipalities of E.B. Magalona, Manapla, Toboso, and Calatrava, also purchases power supply from Green Core Geothermal Inc. (GCGI), Palm Concepcion Power Corp. (PCPC), and Panay Energy Development Corp. (PEDC).

Meanwhile, the Central Negros Electric Cooperative (Ceneco) announced a downward adjustment of P0.9754 per kWh in December, with the current month’s rate of PHP10.7694 per kWh, from PHP11.7448 kWh in November.

The rate reduction came from the decrease in total generation charges by 10.82 percent from the previous month after a drop in the WESM price of PHP1.5577 per kWh.

Ceneco, which also has power supply agreements with GCGI, PCPC, and Central Negros Power Reliability Inc., serves consumers in the cities of Bago, Talisay, Silay, and the municipalities of Murcia and Bago.
Source: Philippines News Agency

Global crisis unleashed: 2023’s devastating floods


ANKARA: Severe natural disasters triggered by climate change marked a calamitous year with thousands tragically killed around the globe.

Considered among the most destructive natural disasters humanity faces, flood catastrophes claimed thousands of lives in 2023. Nearly every nation suffered fatalities and devastation due to the relentless havoc caused by floods.

Anadolu’s ‘Disasters of 2023’ special series covers the flood disasters during the year.

Climate change, carbon emissions, and various environmental factors have influenced changing precipitation patterns, prompting a surge in global flood disasters, affecting numerous countries.

In addition to the tragic loss of lives, floods have left a trail of extensive damage, wreaking havoc on settlements and agricultural areas.

Largest flood disaster of the year happened in Libya

The ‘Daniel Storm’ hit eastern Libya on Sept.10 and triggered disasters in cities like Benghazi, Bayda, Marj, Sousse and Derna in the Central Mediterranean.

The flood in the ea
st resulted in more than 4,300 fatalities, including at least 17,000 children, and displaced 40,000 victims internally.

About 70 percent of the infrastructure in the affected eastern regions suffered damage.

Ninety-five percent of educational institutions were damaged, leading to a 10-day nationwide suspension of education.

A three-day mourning period was declared for victims.

Derna recorded as worst-hit city

The Bumansur Dam (23 million cubic meter capacity) and Al-Bilad Dam (1.5 million cubic meter capacity) were built in Libya between 1973 and 1977 for flood control and irrigation purposes. The collapse of both dams submerged the city of Derna.

Decomposing bodies under debris and mixing sewage water with drinking water raised the risk of a disease outbreak.

The International Organization for Migration (IOM) reported that the disaster displaced 40,000 residents.

Libyan National Unity Government spokesman Muhammad Hammude noted the rainfall was the highest in more than 40 years.

A report by the Worl
d Weather Attribution suggested human-induced climate change has made the disaster in Libya 50 times more likely.

Hundreds dead in Congo flood

In the South Kivu province of the Congo, 438 victims were killed in a flood disaster caused by heavy rains in May.

The country declared a national mourning period after the disaster.

Heavy rains hit Greece

Greece has seen heavy rains since Sept. 5, resulting in the loss of 17 lives.

Widespread power outages disrupted communication for many stranded in disaster areas. Search and rescue teams intervened in inaccessible regions by utilizing inflatable boats.

The floods prompted the suspension of primary and secondary education in the Thessaly region.

In Volos, one of the hardest-hit cities, sheep and goats consumed 300 kilograms (661 pounds) of medical hemp from a flooded greenhouse.

In a mining site landslide in the North Kivu province, at least 100 workers were trapped underground.

Hurricanes, storms left thousands homeless

Typhoon Doksuri triggered devastati
ng floods in August, prompting 1.2 million residents to evacuate their homes in China’s Hubei province.

Authorities swiftly established 155 reservoirs and eight collection basins that were strategically positioned to mitigate the flooding menace surrounding Beijing and Tianjin.

The Guangdong province in the southern region faced a deluge in September, prompting a search for more than 70 crocodiles that escaped a nearby farm.

Cyclone Freddy wreaked havoc in Malawi in April, leaving 537 people missing. The storm, affecting the southeastern coast of Africa, claimed more than 1,000 lives, caused extensive damage to infrastructure and displaced more than half a million residents.

Peru grappled with the aftermath of Tropical Storm Yaku in March, resulting in flooding that left 2,500 families homeless in Lima, Cieneguilla, Chosica, Chaclacayo, Ate, San Juan de Lurigancho, Carabayllo, and Punta Hermosa. The storm, along with floods and landslides, led to 499 fatalities and 1,332 injuries.

In June, the anticipate
d Biparjoy storm triggered the evacuation of more than 150,000 residents in India and Pakistan.

In Japan, June’s tropical Typhoon Mawar caused one fatality and forced the temporary evacuation of 2 million residents.

Monsoon rains affect thousands of lives

Monsoon rains in August displaced 60,000 in Myanmar and stranded 700,000 in Bangladesh from floods and landslides.

At least 1.2 million people in the regions, including Cox’s Bazar, Chattogram, Bandarban, and Rangamati, were affected.

In Pakistan, 215 lives were lost in disasters and accidents caused by monsoon rains starting at the end of June. Severe monsoon rains led to flooding in the Punjab province, and 14,000 residents had to leave their homes.

Flood disasters displaced thousands in every region of the world

In April, floods in southern Somalia affected 460,000 people, prompting a UN call for urgent assistance.

Flooding along the Shabelle River was deemed the worst in 30 years, submerging 79% of Beledweyne. In November, heavy rainfall forced 5
00,000 to abandon their homes.

Ghana faced flooding in October, displacing 26,000 due to the overflow of the Akosombo Dam. Following the flood, malaria and typhoid outbreaks affected the region, keeping more than 19,000 children out of school.

In June, severe rainfall in India’s Assam state flooded 108 villages, displacing more than 115,000 residents.

In Yemen’s central city of Marib, heavy rainfall and flooding in March displaced over 9,000 families.
Source: Philippines News Agency

Global crisis unleashed: 2023’s devastating floods


ANKARA: Severe natural disasters triggered by climate change marked a calamitous year with thousands tragically killed around the globe.

Considered among the most destructive natural disasters humanity faces, flood catastrophes claimed thousands of lives in 2023. Nearly every nation suffered fatalities and devastation due to the relentless havoc caused by floods.

Anadolu’s ‘Disasters of 2023’ special series covers the flood disasters during the year.

Climate change, carbon emissions, and various environmental factors have influenced changing precipitation patterns, prompting a surge in global flood disasters, affecting numerous countries.

In addition to the tragic loss of lives, floods have left a trail of extensive damage, wreaking havoc on settlements and agricultural areas.

Largest flood disaster of the year happened in Libya

The ‘Daniel Storm’ hit eastern Libya on Sept.10 and triggered disasters in cities like Benghazi, Bayda, Marj, Sousse and Derna in the Central Mediterranean.

The flood in the ea
st resulted in more than 4,300 fatalities, including at least 17,000 children, and displaced 40,000 victims internally.

About 70 percent of the infrastructure in the affected eastern regions suffered damage.

Ninety-five percent of educational institutions were damaged, leading to a 10-day nationwide suspension of education.

A three-day mourning period was declared for victims.

Derna recorded as worst-hit city

The Bumansur Dam (23 million cubic meter capacity) and Al-Bilad Dam (1.5 million cubic meter capacity) were built in Libya between 1973 and 1977 for flood control and irrigation purposes. The collapse of both dams submerged the city of Derna.

Decomposing bodies under debris and mixing sewage water with drinking water raised the risk of a disease outbreak.

The International Organization for Migration (IOM) reported that the disaster displaced 40,000 residents.

Libyan National Unity Government spokesman Muhammad Hammude noted the rainfall was the highest in more than 40 years.

A report by the Worl
d Weather Attribution suggested human-induced climate change has made the disaster in Libya 50 times more likely.

Hundreds dead in Congo flood

In the South Kivu province of the Congo, 438 victims were killed in a flood disaster caused by heavy rains in May.

The country declared a national mourning period after the disaster.

Heavy rains hit Greece

Greece has seen heavy rains since Sept. 5, resulting in the loss of 17 lives.

Widespread power outages disrupted communication for many stranded in disaster areas. Search and rescue teams intervened in inaccessible regions by utilizing inflatable boats.

The floods prompted the suspension of primary and secondary education in the Thessaly region.

In Volos, one of the hardest-hit cities, sheep and goats consumed 300 kilograms (661 pounds) of medical hemp from a flooded greenhouse.

In a mining site landslide in the North Kivu province, at least 100 workers were trapped underground.

Hurricanes, storms left thousands homeless

Typhoon Doksuri triggered devastati
ng floods in August, prompting 1.2 million residents to evacuate their homes in China’s Hubei province.

Authorities swiftly established 155 reservoirs and eight collection basins that were strategically positioned to mitigate the flooding menace surrounding Beijing and Tianjin.

The Guangdong province in the southern region faced a deluge in September, prompting a search for more than 70 crocodiles that escaped a nearby farm.

Cyclone Freddy wreaked havoc in Malawi in April, leaving 537 people missing. The storm, affecting the southeastern coast of Africa, claimed more than 1,000 lives, caused extensive damage to infrastructure and displaced more than half a million residents.

Peru grappled with the aftermath of Tropical Storm Yaku in March, resulting in flooding that left 2,500 families homeless in Lima, Cieneguilla, Chosica, Chaclacayo, Ate, San Juan de Lurigancho, Carabayllo, and Punta Hermosa. The storm, along with floods and landslides, led to 499 fatalities and 1,332 injuries.

In June, the anticipate
d Biparjoy storm triggered the evacuation of more than 150,000 residents in India and Pakistan.

In Japan, June’s tropical Typhoon Mawar caused one fatality and forced the temporary evacuation of 2 million residents.

Monsoon rains affect thousands of lives

Monsoon rains in August displaced 60,000 in Myanmar and stranded 700,000 in Bangladesh from floods and landslides.

At least 1.2 million people in the regions, including Cox’s Bazar, Chattogram, Bandarban, and Rangamati, were affected.

In Pakistan, 215 lives were lost in disasters and accidents caused by monsoon rains starting at the end of June. Severe monsoon rains led to flooding in the Punjab province, and 14,000 residents had to leave their homes.

Flood disasters displaced thousands in every region of the world

In April, floods in southern Somalia affected 460,000 people, prompting a UN call for urgent assistance.

Flooding along the Shabelle River was deemed the worst in 30 years, submerging 79% of Beledweyne. In November, heavy rainfall forced 5
00,000 to abandon their homes.

Ghana faced flooding in October, displacing 26,000 due to the overflow of the Akosombo Dam. Following the flood, malaria and typhoid outbreaks affected the region, keeping more than 19,000 children out of school.

In June, severe rainfall in India’s Assam state flooded 108 villages, displacing more than 115,000 residents.

In Yemen’s central city of Marib, heavy rainfall and flooding in March displaced over 9,000 families.
Source: Philippines News Agency

PEZA eyes PHP250-B approvals in 2024


MANILA: The Philippine Economic Zone Authority (PEZA) targets to approve PHP250 billion in investments in 2024.

In a press briefing in its headquarters in Pasay City Friday, PEZA Director General Tereso Panga said the investment promotion agency (IPA) wants a return to its peak level where it approved PHP300 billion worth of projects.

‘We’re looking at PHP202 billion in investments by 2024… I would say, it’s still conservative. We really want to target PHP250 billion plus because this will bring us back to the peak levels of PEZA during the time of Atty. (Lilia) de Lima, when we were getting PHP250 (billion to) PHP300 billion,’ Panga said.

The lower end of the approvals target next year is 15 percent higher while the high-end target is 42 percent higher than the PHP175.71 billion investment pledges that PEZA registered this year.

Panga is optimistic about the IPA’s performance next year as there are big-ticket projects in the pipeline, such as economic zone development and electric vehicle manufacturing
, among others, that are up for approval in the early part of 2024.

Panga added that PEZA aims to sustain the upward trajectory of investments next year, supported by growing interests from investors from Australia, China, South Korea, which the country has free trade agreement with, and the European Union, wherein the Philippines benefits from the Generalised Scheme of Preferences Plus.

He also noted that the outbound mission of PEZA, including the official foreign trips of President Ferdinand R. Marcos Jr., contributed to the heightened interests of foreign companies in exploring business opportunities in the Philippines.

PEZA got investment pledges worth PHP1.4 billion during its outbound mission in the United States from Jan. 4 to 14, PHP10.8 billion from an outbound mission in Japan with Junca Holdings, PHP8.32 billion in China on Sept. 14 to 21, PHP20.6 billion from the Taiwan mission on Oct. 23 to 27, and PHP1.8 billion from United Arab Emirates from the Nov. 6 to 10 outbound mission.

The IPA also
accompanied President Marcos during his visit to Tokyo, Japan on Feb. 8 to 12, when the delegation bagged investment pledges amounting to PHP720.91 billion.

Meanwhile, PEZA’s highest investment approvals was in 2012 with project registrations amounting to PHP312 billion, followed by PHP295 billion in 2015 and PHP279 billion in 2014.

De Lima headed PEZA from 1995 to 2016, spanning four administrations.
Source: Philippines News Agency