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The Arroyo administration is set to bid out a $1.2 billion natural gas pipeline from Batangas to Manila (Batman 1) as part of the long-term power project of the administration. This project is expected to lower the cost of natural gas in the country.
This is a joint venture between the Philippine National Oil Co. (PNOC), Abu Dhabi-based Sultan International Holdings (SIH), Abacus Consolidated Resources and Holdings, and Italy-based SAIPEM Eni. Batangas Rep. Hermilando Mandanas hoped for the bidding to happen before mid-march so they “can comply with all the legal requirements”.
Deputy Presidential Spokesman stated that Malacañang is concerned about the effects of El Niño in the country’s power supply. But he said the government is making all the necessary adjustments and that the situation is closely being monitored.
[tags]natural gas pipeline in batangas, batangas-manila pipeline, batman 1 project, arroyo administration batman1 project, el niño phenomenon, effects of el niño in power supply, power interruptions, power suply shortage[/tags]
