According to reports the Malampaya Natural Gas Facility which provides 30 percent of Luzon’s total power supply will run out of reserves by 2024. Supply is estimated to start declining by 2022. That’s three years from now. Are we going back to the power crisis we experienced in the 1990s?
Energy us an important sector of the economy. Given the government’s program and its economic agenda, the impending power shortage that may arise following Malampaya’s end of contract will seriously hit our country.
In fact, we are already seeing glimpse of coming power supply issues as rotational power outages are becoming more frequent across the Luzon grid in order to meet the energy supply and demand during the summer season.
What is the government’s energy development plan? Where will we get our energy supply once Malampaya’s contract ends?
Find out the answers to these questions.
Join us on June 7, 2019 at the Marco Polo Hotel Ortigas for the Chamber of Mines of the Philippines 2nd Professional Lecture Series entitled #DiggingDeeper: “Exploring alternative sources of energy and understanding the EPIRA Law”