DOE eyes 100% foreign RE ownership to spur manufacturing investments

by Myrna M. Velasco, Manila Bulletin

The Department of Energy (DOE) is studying prospects of opening up the renewable energy (RE) sector to 100 percent foreign ownership, primarily in the domain of solar and wind farm installations, for the manufacturing sector.

Energy Secretary Raphael P.M. Lotilla raised this possibility as he acknowledged the need to address the high cost of electricity for the manufacturing sector, which investment potential has been hampered by the country’s high cost of electricity.

“One way of doing that is to open up renewable, for example, to 100-percent foreign ownership; so that foreign locators can actually also develop their own sources of power,” said Lotilla.

The energy chief further noted that subsidizing the cost of power for the manufacturing sector is not a feasible option given the fiscal situation of the government, hence, there must be alternative ways to pare electricity rates for industrial users in the country.

In other economies, deployments of solar tech solutions are largely embraced by commercial and industrial (C&I) end-users because that has been a way for them to save on costs – especially for energy-intensive industries.

For the Philippines, however, the restrictive policy on foreign ownership is weighed up as a major hurdle to capital flow when it comes to RE investments.

Under the Duterte administration, 100 percent foreign ownership to other RE technologies, primarily geothermal which had been classified as “mineral resource”, had already been permitted within the ambit of the Financial and Technical Assistance Agreement (FTAA) albeit that came with a condition that the minimum capital to be funneled by foreign investors must top $50 million for integrated steam resource exploration and power plant installation.

For hydro, full foreign ownership is allowed in the power plant component while water resource utilization still has restrictions, in favor of Filipino companies or entities. Biomass technology is also open to a hundred-percent foreign equity.

On the sphere of solar and wind farm developments, however, energy officials are still assessing if they can come up with “technical justification” that will allow higher percentage of foreign investors’ shareholdings in RE projects.

The DOE and the National Renewable Energy Board (NREB) previously indicated that any policy adjustment to be carried out shall be in keeping with the prescriptions of the Philippine Constitution relative to the exploration and exploitation of indigenous resources.

It was emphasized that if a technical legal justification could not be established, the only way to widen foreign ownership in these emerging RE technologies shall be through Constitutional amendments.

In many RE projects in the country, capital injection and technology rollout are often buoyed by foreign investors, but until the ownership limitation is addressed, it may take longer time for the Philippines to win back its allure on RE investments given the stiff competition that it has been facing with Asian neighbors.

The best kind of travel

By GeneRose Tecson, Davao City (text and photos)
 

The best kind of travel is when you just pack up and go with your most favorite people in the world, my Laag Gang.

Sometimes we’re all together, most times we’re not, but we made and are making memories together and for each other.

This time, we went to Davao de Oro. It is more than worth the trip, nature tripping at its best. From Bilawa Hot Waterfalls (although I hope that they can still reconsider the set-up), to Lake Leonard and on to Tagbibinta Falls (kudos to the Maragusan LGU for the set-up and for preserving the naturalness of the site of the falls. TOs should visit this site and take note) to our stay at Tita Araceli Lanoy Ayuste’s Ayuste Highland Mountain Resort.

Thank you also to JohnJohn Colina and Dickson Diez for welcoming us and cooking one of the best nilotlot I’ve ever tasted!

The dignity of our human body

By Fr. Roy Cimagala*

ONCE again, we celebrate this very wonderful Solemnity of the Assumption of our Lady to heaven (August 15), reminding us that like her, we too are meant to be both body and soul in our definitive state of life, hopefully in heaven, at the end of time.

Let’s remember that man is always a unity of body and soul. He is not just pure body nor pure spiritual soul. And as our Catechism teaches us, the body, properly animated by the spiritual soul, shares in the dignity of the “image of God.” (cfr. CCC 364)

This is how the Catechism explains it: “The human body shares in the dignity of “the image of God”: it is a human body precisely because it is animated by a spiritual soul, and it is the whole human person that is intended to become in the body of Christ, a temple of the Spirit. Man, though made of body and soul, is a unity.”

The Catechism further teaches that, “Through his very bodily condition he (man) sums up in himself the elements of the material world…He is obliged to regard his body as good and to hold it in honor since God has created it and will raise it up on the last day.” (CCC 362 ff.)

Our attitude toward the body and the material world, I am afraid, has suffered a dangerous mutation, a radical reversal of God’s designs for them. We seem to be falling into two extremes. 

One is to consider the body as completely evil, as when the distinction between the body and the soul becomes exaggerated that they by nature become hostile to each other. This mindset is prevalent among those who may be regarded as ‘too spiritual’ in their life.

The other extreme, the more common one, is to consider the body as completely good, with no more need for spiritual animation and direction. This is the case of a variety of people—the hedonists, the naturalists, etc.

We need to understand that our body is organically linked to our spiritual and the supernatural character of our life. While distinct, it cannot be separated from our integral human nature and condition, from our beginning and end, and from the plan and purpose God our Father and Creator has for us.

Given the dignity of our human body, we have to make sure that our piety and our devotion to God and everything related to him has to involve both the body and soul. It has to involve our whole person. It just cannot be purely spiritual or purely material. It just cannot be only a matter of knowing the doctrine, quite cerebral in approach, without some external manifestations, or of practicing all sorts of devotional exercises, without knowing the doctrine of faith.

If piety has to be authentic and consistent in all circumstances, then it has to be lived both in our spiritual soul whose main faculties are our intellect and will, and in our material body whose link to our soul, the principle of life, are the emotions and passions, the memory and the imagination, our temperament and psychological state, etc.

When piety is limited to one or the other essential element of our being, to either our spiritual soul or the material body, then it cannot be consistent. It cannot hold out against that anomaly for long. It sooner or later will fall into the tricks of hypocrisy and self-deception.

* Chaplain Center for Industrial Technology and Enterprise (CITE), Talamban, Cebu City

Email: roycimagala@gmail.com

Imee: What onion shortage?

This July 29, 2022 file photo shows Sen. Maria Imelda Josefa ‘Imee’ Marcos at the premiere of 'Maid in Malacañang,' of which she is a producer, at a mall in Quezon City. AFP PHOTO

 

By Bernadette E. Tamayo, Manila Times

SEN. Maria Imelda Josefa "Imee" Marcos said she is "unconvinced" there is a shortage of white onions because the Department of Agriculture (DA) has not presented an inventory of the crop.

Marcos renewed her tirade against the Agriculture department, this time for its reported plan to import white onions.

"The DA was urged to assess white onion shortage, as it was asked on sugar and porcine PAP (processed animal protein) shortages," she said in a statement on Sunday.

"Again, no data could be presented, just blanket claims that, 'Wala po talagang laman ang mga bodegang pinuntahan namin (The warehouses we inspected were really empty),'" she said.

"Tama na, buking na. Hindi na kami magpapaloko (Enough of this deceit. You can't fool us anymore)," Marcos said.

She earlier blasted the attempt to import sugar under a dubious authority that forced the resignation of a top Agriculture official.

"Let this serve as a fair warning to all concerned. We are aware of the modus operandi going on. It's the same old story. Paulit-ulit na lang, eh (It just keeps repeating itself)," Marcos said.

"First, they smuggle. Then they create a shortage and produce a legitimate import permit. By next week, I have no doubt smuggled onions will flood the market covered by a 'legitimate' importation order of gargantuan proportions," she said.

The senator noted that at the height of the sugar import fiasco last week, about P36 million worth of onions misdeclared as "spring roll patties" and "plain churros" were confiscated in Misamis Oriental.