(PERIOD COVERING MAY 2009 TO OCTOBER 2009)
I. INTRODUCTION
The 15th Status Report of Electric Power Industry Reform Act (EPIRA) Implementation covers the period May to October 2009, although updates for privatization for November 2009 was already included. It highlights continuing implementation of the reforms as set forth in Republic Act 9136 or through the sector’s efforts to hurdle the global financial crisis that affected major policy objectives particularly in terms oencouraging new investments in power generation. Fortunately, despite the challenges posed by the crisis, the government’s privatization efforts reaped considerable gains with the threshold in generating assets privatization reached at more than 80 percent and the success for the bidding of the first wave of NPP-IPP contracts privatization.
For the period May to October 2009, the government focused mainly in addressing issues relating to competition and has initiated activities towards harmonization of the EPIRA Law with the newly passed Renewable Energy (RE) Act.