The Philippines has over a hundred geothermal wells, volcanic fumaroles, geothermal vents and hot springs with kilowatt or megawatt potential each. Technologies for generating electricity out of low-temperature (300 deg.C or so) hot springs and fumaroles already exist in the 1st World. Groups of twenty or so 1st World CSR companies may thus partner with a geothermal construction company to raise capital and acquire million-dollar loans or investments from the World Bank, Asian Development Bank, climate change Funds, State Aid agencies, CSR companies, etc., towards set up of scores of Philippine geothermal plants all at the same time.
Philippine geothermal plant loans should be charged ultra-low interest and be payable on long-term (15-20 years) for the sake of greenhouse gas reduction. Additionally, geothermal power plants enjoy sure markets and high profitability as they spend next to nothing on fuel, which is the top expense for coal and petrochemical power plants. Consequent sure payment of loans coupled with positive climate change effects should become bases for low interest charges for the required million-dollar credits.
As further investor and lender incentives, the plants should be insured by private insurance consortia or corporations set up by green Funds and Aid agencies. Geothermal plant risks are very low, since earthquakes, steam blowouts and political or economic crises which can potentially affect plant operations negatively are very rare events. Political risk should be near zero if an Internet Congress (detailed in other posts) already exists in the country. Insurance premiums for the plants should therefore be relatively low, yet yield high potential investors' trust. Investors' and lenders' mere knowledge that such plants are insured will further raise investment and lending desirability for such plants.
Hundreds of geothermal power plants may be built in the Philippines by groups of 1st World CSR companies and their creditors all at the same time thru build-operate-transfer (BOT) agreements with local mega co-ops. Each group should include one geothermal power plant corporate builder or equipment supplier. Billion-dollar climate change Funds, including the World Bank, Asian Development Bank, and 1st World Aid funds may finance 75% of project costs for the sake of global warming mitigation and to earn interest income for further expansion of their climate change budgets. The BOT company operates the facility over 10-15 years, during which period loans and investments may be paid concurrent with profit dividends issued to shareholders. Ownership transfer goes to mega co-ops to pay for all the BOT company's assets (including capital shares) on installment basis thru small percentages added to the BOT company's power prices and customer service charges. Thus the ownership transfers will enable mega co-ops' masses of local employee-owners and corporate investors to acquire giant profitable businesses all for free. Additionally, the resultant 1st World skills and technology transfers to locals should ensure efficient operation of the facilities after the transfer and for as long as the geothermal wells don't dry up, which can take forever.
Why transfer ownership to mega co-ops instead of to government as provided by current Philippine law? The pro-coop scheme prevents old-style Philippine politicians' habit of loading state-assisted companies with their choice of directors who then implement traditional 'milking cow' schemes out of million-dollar suppliers' contracts. Another 'tradition' is for politicians to sell off state-acquired BOT projects to local and foreign investors at official fire prices, the actual market price difference going to re-election kitties and signatories' personal pockets. Such corrupt habits should be nipped at the bud thru an I-Congress law that requires transfer of BOT projects' ownership to mega co-ops. Said law will put an end to old-style politicians' commission demands to investors which have discouraged billion-dollar investments that should have helped alleviate mass poverty in the Philippines.
BOT projects transferred to mega co-ops will hence spread out trillions of pesos in profit dividends to the masses. Additionally, rises in market value of the mega co-ops' shares held by the masses incident to the power companies' million-dollar loan repayments should further expand mass wealth. The masses will become owners of billions of dollars' worth of power generation assets. Such imperatives form a major reason why a bribes-proof 600,000-strong Philippine Internet Congress composed of top retired corporate and sectoral brains should be set up.
Currently, Philippine power prices are second only to Japan as highest in Asia. Reason: around 67% of Philippine electricity comes from power plants fed by coal, natural gas and bunker fuel that are not only emitters of greenhouse gases but are very expensive, are prone to price fluctuations and endlessly rise in prices as well. By developing all the country's geothermal resources plus hydropower, biofuels and other clean energy sources, Philippine mega co-ops will bring down power prices to levels that will attract hordes of 1st World factories into building production units in the Philippines. Mini steel mills and metal parts-making and assembly plants as well as all other 1st World industries will hence arise in rural Philippines, making reality out of the country's centuries-old rural industrialization dreams.
Why the potential for a Philippine 'industrial awakening'? The reason is electricity's ability to run almost all types of factory machines thru various sizes of electric motors. Additionally, electric furnaces can melt all manner of metals, and provide power to factories that produce all types of parts and products made of steel and alloys. The country's billion-ton reserves of iron, copper, nickel, chromite, molybdenum, gold and silver, bauxite, white clay, and silica coupled with copious and cheap electric power will make it a major exporter of all kinds of products made of metal, ceramic, glass, aluminum, brass, bronze, etc, The Philippines can hence become a world supplier of power generators, computers, electrical and electronic appliances and gadgets, transport equipment, construction materials, ships, defense equipment, etc.
What's the climate change signature? 100% clean power from geothermals, hydros, ethanol, wind, solar and biogas systems will mean total stoppage of the Philippines' million-ton yearly CO2 emissions from its petrochemical power plants and transports. For mega co-op agro-forests and agribusinesses, cheap power will bring down operational costs for irrigation, cable transports, water supply, refrigeration and cold storage, lighting, operation of food factory machines, etc. Low costs will help maintain high profits that will help in financing the perpetual existence of CO2-absorbing, oxygen-creating agro-forests all over the country.
Philippine geothermal plant loans should be charged ultra-low interest and be payable on long-term (15-20 years) for the sake of greenhouse gas reduction. Additionally, geothermal power plants enjoy sure markets and high profitability as they spend next to nothing on fuel, which is the top expense for coal and petrochemical power plants. Consequent sure payment of loans coupled with positive climate change effects should become bases for low interest charges for the required million-dollar credits.
As further investor and lender incentives, the plants should be insured by private insurance consortia or corporations set up by green Funds and Aid agencies. Geothermal plant risks are very low, since earthquakes, steam blowouts and political or economic crises which can potentially affect plant operations negatively are very rare events. Political risk should be near zero if an Internet Congress (detailed in other posts) already exists in the country. Insurance premiums for the plants should therefore be relatively low, yet yield high potential investors' trust. Investors' and lenders' mere knowledge that such plants are insured will further raise investment and lending desirability for such plants.
Hundreds of geothermal power plants may be built in the Philippines by groups of 1st World CSR companies and their creditors all at the same time thru build-operate-transfer (BOT) agreements with local mega co-ops. Each group should include one geothermal power plant corporate builder or equipment supplier. Billion-dollar climate change Funds, including the World Bank, Asian Development Bank, and 1st World Aid funds may finance 75% of project costs for the sake of global warming mitigation and to earn interest income for further expansion of their climate change budgets. The BOT company operates the facility over 10-15 years, during which period loans and investments may be paid concurrent with profit dividends issued to shareholders. Ownership transfer goes to mega co-ops to pay for all the BOT company's assets (including capital shares) on installment basis thru small percentages added to the BOT company's power prices and customer service charges. Thus the ownership transfers will enable mega co-ops' masses of local employee-owners and corporate investors to acquire giant profitable businesses all for free. Additionally, the resultant 1st World skills and technology transfers to locals should ensure efficient operation of the facilities after the transfer and for as long as the geothermal wells don't dry up, which can take forever.
Why transfer ownership to mega co-ops instead of to government as provided by current Philippine law? The pro-coop scheme prevents old-style Philippine politicians' habit of loading state-assisted companies with their choice of directors who then implement traditional 'milking cow' schemes out of million-dollar suppliers' contracts. Another 'tradition' is for politicians to sell off state-acquired BOT projects to local and foreign investors at official fire prices, the actual market price difference going to re-election kitties and signatories' personal pockets. Such corrupt habits should be nipped at the bud thru an I-Congress law that requires transfer of BOT projects' ownership to mega co-ops. Said law will put an end to old-style politicians' commission demands to investors which have discouraged billion-dollar investments that should have helped alleviate mass poverty in the Philippines.
BOT projects transferred to mega co-ops will hence spread out trillions of pesos in profit dividends to the masses. Additionally, rises in market value of the mega co-ops' shares held by the masses incident to the power companies' million-dollar loan repayments should further expand mass wealth. The masses will become owners of billions of dollars' worth of power generation assets. Such imperatives form a major reason why a bribes-proof 600,000-strong Philippine Internet Congress composed of top retired corporate and sectoral brains should be set up.
Currently, Philippine power prices are second only to Japan as highest in Asia. Reason: around 67% of Philippine electricity comes from power plants fed by coal, natural gas and bunker fuel that are not only emitters of greenhouse gases but are very expensive, are prone to price fluctuations and endlessly rise in prices as well. By developing all the country's geothermal resources plus hydropower, biofuels and other clean energy sources, Philippine mega co-ops will bring down power prices to levels that will attract hordes of 1st World factories into building production units in the Philippines. Mini steel mills and metal parts-making and assembly plants as well as all other 1st World industries will hence arise in rural Philippines, making reality out of the country's centuries-old rural industrialization dreams.
Why the potential for a Philippine 'industrial awakening'? The reason is electricity's ability to run almost all types of factory machines thru various sizes of electric motors. Additionally, electric furnaces can melt all manner of metals, and provide power to factories that produce all types of parts and products made of steel and alloys. The country's billion-ton reserves of iron, copper, nickel, chromite, molybdenum, gold and silver, bauxite, white clay, and silica coupled with copious and cheap electric power will make it a major exporter of all kinds of products made of metal, ceramic, glass, aluminum, brass, bronze, etc, The Philippines can hence become a world supplier of power generators, computers, electrical and electronic appliances and gadgets, transport equipment, construction materials, ships, defense equipment, etc.
What's the climate change signature? 100% clean power from geothermals, hydros, ethanol, wind, solar and biogas systems will mean total stoppage of the Philippines' million-ton yearly CO2 emissions from its petrochemical power plants and transports. For mega co-op agro-forests and agribusinesses, cheap power will bring down operational costs for irrigation, cable transports, water supply, refrigeration and cold storage, lighting, operation of food factory machines, etc. Low costs will help maintain high profits that will help in financing the perpetual existence of CO2-absorbing, oxygen-creating agro-forests all over the country.
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