SOCIOECONOMIC PLANNING SECRETARY ERNESTO M. PERNIA
National Economic and Development Authority
Signing of the Grant Agreement for the
Project for Improvement of Equipment for Power Distribution in Bangsamoro Area
NEDA Executive Lounge
March 30, 2017, 10:30 AM
JICA Chief Representative Susumu Ito, Colleagues from the National Electrification Administration, the Office of the Presidential Adviser on the Peace Process and NEDA, ladies and gentlemen, good morning.
We are pleased to have with us here in NEDA our steadfast development partner, JICA, and colleagues in government from NEA and the OPAPP as we embark on another milestone endeavor in advancing power sector development in the Philippines.
This event comes at a very opportune time as it is held a few days after the Economic Managers’ visit to Japan to attend the First Joint Committee Meeting on Infrastructure Development and Economic Cooperation, during which the Japanese Government affirmed its support for the Philippines’ efforts to further develop its power sector through the official handover by Japan’s Ministry of Economy, Trade and Industry or METI to the Department of Energy of the “Power Sector Action Plan in the Philippines” and JICA’s assistance for the Project for Improvement of Equipment for Power Distribution in Bangsamoro, the Grant Agreement for which we are about to sign today.
The project, which involves the provision of power distribution equipment such as transformers, poles, conductors and boom trucks to Electric Cooperatives, is expected to contribute to the long-term goal of lowering of System Loss by 13%, increase in line capacity by 130%, and improvement of Cooperatives’ power distribution equipment installation and maintenance work in the Bangsamoro Area.
Beyond addressing the basic need to improve power supply stability in that area of Mindanao where household electrification level stands only at 72.38 percent, we also see this project as a confidence-building undertaking and a gesture of goodwill that will prove helpful as we continue to work towards achieving lasting peace and development in the region.
We wish to thank the Japanese Government for its invaluable support for the implementation of this Project, as well as other priority programs and projects of the Philippine Government being the country’s top source of Official Development assistance.
We look forward to further deepening our cooperation particularly at this time when our relationship as partner countries and friends is at its best given the exchange of visits between our leaders. We would like to assure you that NEDA remains committed to working with you towards realizing our countries’ shared goals, and is always open to discussing with you on how our bilateral relations can further be strengthened.
Thank you and good morning.