Asian Peoples' Movement on Debt and Development

A regional alliance of peoples’ movements, community organizations, coalitions, NGOs and networks

 

  • Korean Federation for Environmental Movements urge Kexim Bank to end Coal Financing

    Korean Federation for Environmental Movements urge Kexim Bank to end Coal Financing

    Korean Federation for Environmental Movements urge Kexim Bank to end Coal Financing

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  • CSOs in Sri Lanka urge the GCF to approve Project Proposal

    CSOs in Sri Lanka urge the GCF to approve Project Proposal

    CSOs in Sri Lanka urge the GCF to approve Project Proposal

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  • Regional CSO urges Asian governments: Strip the veil of ADB’s clean energy showcase, expose the lie of “clean coal” and other false solutions to climate change

    Regional CSO urges Asian governments: Strip the veil of ADB’s clean energy showcase, expose the lie of “clean coal” and other false solutions to climate change

    Regional CSO urges Asian governments: Strip the veil of ADB’s clean energy showcase, expose the lie of “clean coal” and other false solutions to climate change

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  • Break free from dirty energy

    Break free from dirty energy

    Break free from dirty energy

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  • Paris Agreement signing: Asian alliance urges governments to solve climate crisis

    Paris Agreement signing: Asian alliance urges governments to solve climate crisis

    Paris Agreement signing: Asian alliance urges governments to solve climate crisis

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Tax Justice

  • Issue 2: Tax Justice Newsbriefs

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  • Issue 1: Tax Justice Newsbriefs

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  • Asian alliance joins global call for tax justice

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  • Asian movements push for global tax body

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Women & Gender

  • International Women’s Day: Renewing Our Commitment to the Emancipation and Empowerment of Women

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  • APMDD Workshop on Women, Land, Food and Climate

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Climate Justice

  • Paris Agreement signing: Asian alliance urges governments to solve climate crisis

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  • Could developing countries walk out of the Paris climate talks?

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  • Latest draft of Paris climate deal unacceptable – Asian movements

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  • PH groups launch climate justice march; call for strong climate deal in Paris

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  • Asian alliance co-publishes review of countries’ climate pledges (PR)

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Campaigns

Ecological Debt, Environmental Justice & Climate Change

  • Korean Federation for Environmental Movements urge Kexim Bank to end Coal Financing
    Korean Federation for Environmental Movements urge Kexim Bank to end Coal Financing
    Korean Federation for Environmental Movements urge Kexim Bank to end Coal Financing

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  • CSOs in Sri Lanka urge the GCF to approve Project Proposal
    CSOs in Sri Lanka urge the GCF to approve Project Proposal
    CSOs in Sri Lanka urge the GCF to approve Project Proposal

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  • Paris Agreement signing: Asian alliance urges governments to solve climate crisis
    Paris Agreement signing: Asian alliance urges governments to solve climate crisis
    Paris Agreement signing: Asian alliance urges governments to solve climate crisis

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  • Green Climate Fund: Updates from the 12th board meeting
    Green Climate Fund: Updates from the 12th board meeting
    Green Climate Fund: Updates from the 12th board meeting

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  • International Women’s Day: Renewing Our Commitment to the Emancipation and Empowerment of Women
    International Women’s Day: Renewing Our Commitment to the Emancipation and Empowerment of Women
    International Women’s Day: Renewing Our Commitment to the Emancipation and Empowerment of Women

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Right to Essential Services & Natural Resources

  • Asian movements join global call for tax justice [PR]
    Asian movements join global call for tax justice [PR]
    Asian movements join global call for tax justice [PR]

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Global & Public Finance

  • Statement on the occasion of the 49th Annual Meeting of the Board of Governors of the Asian Development Bank
    Statement on the occasion of the 49th Annual Meeting of the Board of Governors of the Asian Development Bank
    Statement on the occasion of the 49th Annual Meeting of the Board of Governors of the Asian Development Bank

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  • On the Panama Papers and Illicit Financial Flows
    On the Panama Papers and Illicit Financial Flows
    On the Panama Papers and Illicit Financial Flows

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  • UN climate fund must reject HSBC, Crédit Agricole - Asian movements
    UN climate fund must reject HSBC, Crédit Agricole - Asian movements
    UN climate fund must reject HSBC, Crédit Agricole - Asian movements

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  • Cancel Nepal’s debt – Nepali, Asian people’s groups [PR]
    Cancel Nepal’s debt – Nepali, Asian people’s groups [PR]
    Cancel Nepal’s debt – Nepali, Asian people’s groups [PR]

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Women & Gender

  • Relating Conditions of Women in Asia to Issues of Debt, Essential Services and Climate Change
    Relating Conditions of Women in Asia to Issues of Debt, Essential Services and Climate Change
    Relating Conditions of Women in Asia to Issues of Debt, Essential Services and Climate Change

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'Looming power rate hike and PSALM's life extension are connected' - FDC

FDC dec 5 2012MANILA, Philippines – The reported looming P0.39 per kilowatt-hour increase in power rates is meant to hit two birds with one stone, and is against the interest of consumers, the Freedom from Debt Coalition said Wednesday.

Ricardo B. Reyes, FDC president, said that it is meant to pass on to consumers "the government's incompetence, mismanagement and wrong policies that continue to aggravate the lingering problems of our power industry," and to provide "a convenient excuse to extend the life of an incompetent and patently, pro-power oligarchies agency."

"The Philippines now has the highest residential electricity rates and the second highest industrial electricity rates in Asia. The Energy Regulatory Commission (ERC) must protect ordinary consumers from this kind of burden. It must reject the rate application of Power Sector Assets and Liabilities Management (PSALM) Corp.," said Reyes.

FDC issued the statement in light of news reports that the ERC might release by January 2013 the decision regarding an application of PSALM Corp. to collect the P140 billion worth of universal charges (UC) for stranded debts and stranded contract costs from the customers of the Luzon, Visayas and Mindanao grids. PSALM Corp. likewise issued a statement expecting to collect said additional charges early next year.

There is also a current move in Senate to extend the corporate life of PSALM Corp. for another 10 years. Sen. Serge Osmeña, chairperson of Senate Committee on Energy, has filed Senate Bill 3250. Under Republic Act No. 9136 or the Electric Power Industry Reform Act (EPIRA), PSALM Corp. shall exist for a period of twenty five (25) years, meaning until 2026.

The group asserted that PSALM Corp.'s rate application before the ERC, and Senator Osmeña's proposal to extend the agency's life are related.

Manjette Lopez, FDC vice president, explained that in their petition, PSALM and National Power Corporation (Napocor) are seeking the approval of stranded contract costs portion of UC in the amount of P74.298 billion to be imposed at the rate of P0.3666 per kilowatt-hour over the next four years, and stranded debts portion of UC in the amount of P65.019 billion at the rate of P0.0313/kWh over a 15-year period. PSALM Corp. aims to collect about P25 billion annually from the P0.39/kWh universal charges to help settle its outstanding obligations.

"EPIRA states that the liquidation of Napocor debts and stranded contract costs be completed within the term of existence of the PSALM Corp. or until 2026. However, its rate application, if approved, would be collected until 2028," said Lopez.

PSALM Corp. is mandated, under EPIRA, to calculate the amount of stranded debt and stranded contract costs of Napocor which shall form the basis for ERC in the determination of the universal charge. EPIRA defines stranded debts as any unpaid financial obligation of Napocor that has not been liquidated by the proceeds from the privatization of its assets. On the other hand, stranded contract costs are those excess contracted cost of electricity under eligible contracts over the actual selling price of the contracted energy output of these contracts in the market.

"The problem with PSALM's debts is that it is getting bigger and bigger despite the privatization of more than 80 percent of the Napocor generation assets and independent power producer (IPP) supply contracts," said Lopez.

"Again we ask: where are the proceeds of the sale of these assets?" Lopez added.

According to the group, PSALM Corp. has failed to drastically reduce Napocor's debt and electricity rates in past 11 years. Prior to the enactment of EPIRA and creation of PSALM Corp., the total debt and IPP obligations of Napocor/PSALM Corp. was US$16.39 billion. As of September 2011, it has an outstanding debt of US$16.73 billion. The pre-EPIRA average electricity rate was around P5/kWh. Today, the average rate is around P11/kWh.

"The additional universal charges and the extension of PSALM Corp.'s lifespan, clearly adds insult to the consumers' long-suffering and must be vigorously opposed. PSALM Corp. is a clear testament to the failure of EPIRA as a regime that would resolve the country's power crisis and the Napocor debts. Its life, therefore, must be cut short, not extended," Reyes said.

Tags: Statement

Bangladesh

  • Legally Binding Climate Agreement is...

    Dhaka, 30th September 2015. Today in a seminar organized by CANSA (Climate Action Network South Asia) , Action 2015 and EquityBD, title “

    ...

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  • Bangladesh urges global leaders to...

    A group of Bangladeshi civil society members has urged global leaders to listen to the plights of climate victims and condemned industrialised

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  • Illicit fund outflows cost BD $24.7b...

    Bangladesh lost US $24.7 billion in illicit financial flow to foreign countries between 1976 and 2010; a research work done by the London-based

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  • Conduct study on climate-induced...

    Six rights groups and civil society networks yesterday demanded that the government conduct a survey and assessment on the internal

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  • BD climate funds need single focal point

    Speakers at a seminar on Monday urged the government to consider a transparent and inclusive national designated authority to attract

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India

  • Fishworkers stage dharna

    Traditional fishworkers in Kollam, under the banner of the Kerala Swathantra Matsya Thozhilali Federation, staged a dharna in front of the

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  • Our planet is not for sale! ADB Quit...

    We, peoples' movements, mass organisations, struggle groups, trade unions,community organisations and many others from India and abroad, call for

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  • Villagers protest “illegal” land...

    For six months now, around 4,000 villagers have camped out a kilometer away from Maujanagri village in India to protest the government's land

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  • Climate Change and Fisheries Sector

    The challenges faced by the fishing community on the present crisis initiated by climate change, are being discussed at a time when the fish

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  • Free trade pacts, FDI opposed in...

    The National Fish Workers Forum has opposed free trade agreements and foreign direct investment in retail trade and the fisheries

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Indonesia

  • Jejak Asap Korporasi: Tanggung Gugat...

    Hari ini WALHI mengeluarkan hasil analisis kebakaran lahan dan hutan yang menunjukkan peran korporasi, khususnya di sektor kehutanan dan

    ...

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  • CSO Partnership for Development...

    CSO Partnership for Development Effectiveness (CPDE) Asia Consultation on Development Effectiveness in Food, Agriculture and Rural Development

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  • Critique of Draft 2013 State Budget v....

    On 16 August, as usual, the President addressed the House of Representatives (DPR), presenting the government's annual financial statement and

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  • Activists say no to IMF

    JAKARTA: Activists have called on the Indonesian government to drop its plan to lend US$1 billion to the International Monetary Fund (IMF) and

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  • NGOs reject govt's plan to assist IMF

    REPUBLIKA CO.ID., JAKARTA - Several Non-governmental Organizations reject government's plan to assist the funding for International Monetary Fund

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Malaysia

  • Save our seeds from corporate control

    Seeds are a farmer’s most essential input. For thousands of years farm communities have been observing, selecting, nurturing, breeding and

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Nepal

  • Climate justice dialogue held in Nepal

    South Asian Alliance for Poverty Alleviation, 22 November 2015

    Campaign for Climate Justice Nepal (CCJN), as the Nepal arm of the

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  • International Training Course on '...

    International training course on 'Addressing Household Food Security in the Context of Changing Climate and Environment', jointly organised by

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  • Sharing Program Organized in Twelve...

    National Forum for Women Rights Concern(NFOWRC) has organized sharing program on finding of the study in twelve districts on different date of

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  • Just climate finance for climate...

    An interaction programme was organised in Kathmandu, Nepal relating to Global Week of Actions today (21 Nov 2012). The programme was participated

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  • Research Report Released

    Human Rights Alliance has released a research report on Status of domestication of international treaties in Nepal.The main objective of this

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Pakistan

  • Filipino, other Asian activists call...

    MANILA, 2 February 2016 – Filipino activists protested today outside the Pakistan embassy in the Philippines [1], joining Asian and other

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  • Release Pakistan Fisherfolk Forum...

    Asian Peoples Movement on Debt and Development

    STATEMENT

    19 January 2016

    The Asian Peoples Movement on Debt and

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  • People’s Caravan under the Campaign of...

    Entire globe is experiencing water crisis. Asia in general and South Asia in particular is not exception to this phenomenon. This region is

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Philippines

  • PIGLAS PILIPINAS: PH part of global...

    PRESS RELEASE

    PIGLAS PILIPINAS: PH part of global movement to end fossil fuels

    10,000 to mobilize

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  • Filipino, other Asian activists call...

    MANILA, 2 February 2016 – Filipino activists protested today outside the Pakistan embassy in the Philippines [1], joining Asian and other

    ...

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  • PH groups launch climate justice...

    MANILA, 11 November 2015 — Social movements, religious associations, and other civil society groups across the

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  • ON WORLD PUBLIC SERVICES DAY: Asian...

    MANILA, 23 June 2015 – Calling for the funding for public services and the stopping of tax incentives and dodging, an Asian civil society

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  • FDC warns gov't investigations may...

    The Freedom from Debt Coalition(FDC) goes on its third day of its Tatakan/Sulatan ng GANID the MERALCO bills protest activity today at 10 am

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Sri Lanka

  • Crushing the protest against the...

    Colombo, Sri Lanka. We are shocked to see the use of military by the government of Sri Lanka to crush the peaceful protest by the thousands of

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  • CEJ commemorates "NO pesticide...

    Centre for Environmental Justice together with Sri Lanka Nature Group organised a media event and book launching on the 3rd December 2012 at the

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  • Taxing citizens for drinking water is...

    October 20, Colombo, Sri Lanka. We are shocked to hear that Sri Lankans who dig traditional or tube wells to obtain water for drinking,

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  • CSE releases initial findings on...

    16th August 2012, Colombo. Today, the Centre for Science and Environment, a leading environmental organisation in India released the report

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  • Sri Lanka CSO Statement on RIO+20

    Colombo - Sri Lankan Civil Society Organisations today issued a CSO Statement on Rio+20 prepared through a dialogue held on 17-18th May 2012 in

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Thailand

  • Message of Solidarity with the...

    On the occasion of the erection of a monument to commemorate the assassination of four land rights activists from the Southern Peasant Federation

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Asia

  • Regional CSO urges Asian governments:...

    The Asian Development Bank  (ADB) claims concern in addressing the causes of climate change as it convenes the Asia Clean Energy Forum

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  • SAAPE's South Asia Poverty Report 2013...

    South Asia Alliance for Poverty Eradication (SAAPE) has launched its 4th Poverty Report 2013 on 11 September 2013 amidst a South Asian Women's

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  • Call to Action: End the WTO and stop...

    The Indonesian People's Movement Against Neocolonialism-Imperialism (Gerak Lawan), a national coalition in Indonesia fighting neoliberalism, has

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  • MFA Statement for International...

    Today, on International Migrants Day, Migrant Forum in Asia (MFA) celebrates the contributions made by millions of migrants all over the world

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  • BNPS Protests Communal Attacks on...

    Bangladesh Nari Progati Sangha (BNPS) organized a human chain in banner of Citizen Group on 2 October protesting communal attack and atrocities

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