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News Release, 24 August 2004
LEDAC eyes big cuts in oil imports through use of alternative fuels
Malacanang and Congress today agreed to work more closely in boosting
the country’s search for alternative sources of energy in a bid to
drastically cut down expenditures on oil importations.
This developed during the fifth Legislative-Executive Development
Advisory Council (LEDAC) meeting at the Palace devoted mainly on energy
issues in the light of soaring prices of fuel in the domestic market.
Emerging from the LEDAC meeting, Energy Secretary Vicente Perez Jr.
told reporters that he briefed the legislators on five proposed laws
critical to the country’s thrust toward energy independence.
Perez identified the measures as the Transco Franchise bill, the
Natural Gas bill, the Renewable Energy bill, LPG (Liquefied Petroleum Gas)
bill and the Alternative Fuels Utilization bill.
The Transco Franchise bill aims to enhance the value of the state-owned
National Transmission Co. (Transco) power transmission grids nationwide
to make them more attractive to prospective investors.
The natural gas measure seeks to promote natural gas as a "secure,
stable and clean" source of energy, as well as encourage competition by
liberalizing the entry of more players and instituting fair trade
mechanisms. The measure intends to lay the groundwork on the widespread use of
cleaner fuel and natural gas "as a fuel of choice."
The renewable energy bill promotes the development of renewable energy
resources through a package of government incentives. Perez said this
measure hews closely to President Gloria Macapagal-Arroyo’s five-point
energy independence agenda involving the exploitation of wind, biomass,
solar, coal and ocean as non-traditional sources of energy.
The LPG bill imposes "more stringent safety standards" and heavier
penalties or sanctions to violators to protect consumers from illegal trade
practices.
Perez said the alternative fuels utilization bill is very popular among
legislators whose districts host sugar centrals.
Addressing a recent convention of the Philippine Sugar Technologists in
Cebu City, President Macapagal-Arroyo batted for the full development
and promotion of ethanol, a sugarcane-based alternative fuel, for the
transport sector.
Legislators present at today’s LEDAC meeting included Senate President
Franklin Drilon, Speaker Jose de Venecia Jr., Senators Aquilino
Pimentel, Miriam Defensor-Santiago, Juan Ponce Enrile, Ralph Recto and Juan
Flavier; Representatives Simeon Datumanong, Gerry Salapuddin, Joey
Salceda, Rolando Andaya Jr., Agapito "Butz" Aquino and Juan Miguel Zubiri.
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