San Miguel’s Ramon Ang was quoted:
San Miguel Corp. president Ramon S. Ang warned that the most critical problem facing the government was the looming power shortage that could hit the country as early as next summer.
He also identified a possible water shortage, the periodic flooding around Metro Manila and the current weak fiscal position as the more pressing issues facing the current administration.
“A power crisis is coming,” he said in an interview with the Inquirer. “We have to start preparing for it now if we are to avert it.”
Ang pointed out that power outages and rotating blackouts were already a routine occurrence in Mindanao as well as some islands in the Visayas where power demand outstrips available supply significantly.
“And in Luzon, our buffer is very thin,” said the chief of San Miguel, which was recently ranked by the Department of Energy as the country’s biggest producer of electricity. “If one plant goes offline in Luzon, there’s not enough spare capacity to take its place.”
I’m going to wager that the government can’t forestall this. Not in this late game.