Philippines - Energy sector study

Report No. 7269-PH Philippines: Energy Sector Study September 15, 1988 Industry and EnErgy Division Country Department II Asia Region FOR OFFICIAL USE ONLY Document of the World Bank This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  CURRENCY EQUIVALENTS Currency Unit Philippine Peso (P) US$1.00 = P 21 WEIGHTS AND MEASURES MMTOE = Million tons oil equivalent MMBOE = Million barrels oil equivalent BOPD = Barrels of oil per day MW = Megawatt (1,000 kilowatts) lIWh = Terrawatt-hours (billion kilowatt-hours) kWh = Kilowatt-hours (1,000 watt-hours) kV = Kilovolt (1,000 volts) km = Kilometer (0.6214 mile) MWh = Megawatt hour (1,000 kilowatt-hours) ABBREVIATIONS AND ACRONYMS ADB - Asian Development Bank BED - Bureau of Energy Development BEU - Bureau of Energy Utilization EHV - Extra High Voltage ERB - Energy Regulatory Board HVDC - High Voltage Direct Current HVAC - High Voltage Alternate Current MERALCO - Manila Electric Company MOE - Ministry of Energy NEA - National Electrification Administration NEDA - National Economic Development Authority NPC - National Power Corporation OEA - Office of Energy Affairs PCI - Philippine Geothermal Inc. PNOC - Philippine National Oil Company PNPC-EDC - PNOC-Energy Development Corporation PNOC-EDI - PNOC-Energy Drilling Inc. PNPP - Philippine Nuclear Power Plant SCC - Semirara Coal Corporation  FOR OFFICIAL USE ONLY ENERGY SECTOR STUDY Table of Contents Page No. Summary and Conclusionso................ e..... ..................... i Part One: Energy Development Policy I. AN OVz&