July 26, 2017, 2:37 am
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More palatable e-trike project in the works

The Department of Energy (DOE) will finalize  before the end of the month the planned  loan from the Asian Development Bank (ADB) for the electric trike project which would incorporate the  major changes that would make it more palatable to stakeholders.

 “We’ve rebranded (the project). It’s now the tricycle modernization program to align it with the overall transport modernization program of government,” said Patrick Aquino,  director of the DOE’s energy utilization and management bureau.

The Aquino government also came up with a new business model to make it more viable for duplication and sustainable by separating the physical e-trike unit from the charging infrastructure and the battery.

The project would also be opened up to other channels of distribution.

Aquino also said  the DOE, ADB and the Department of Finance are eyeing the complete rollout of the units within the year.

 “The (local government units) guarantee, we’ve worked to have a language that softens it to be more in line with what you’re seeing in the PUJ (public utility jeepney) modernization program of the DOTR (Department of Transportation)….wherein, we offer low financing, no cash out, no down payment,”  he added.

Aquino said part of the planned amendments is the inclusion of a phaseout program once the useful life of the vehicles is exhausted. 

The DOE assured the long-delayed e-trike project will push through even on a smaller scale from the original 100,000 units to just 3,000 and from the original project cost of P21.672 billion to P1.73 billion.

Last year, Bemac Electric Transportation Philippines Inc., a unit of Uzushio Electric Co. of Japan won the contract to build 3,000 e-trikes worth $30 million.

The e-trike project was part of the original $504 million e-vehicle project plan jointly funded by the ADB, the Clean Technology Fund (CTF) and the government as part  of efforts to jumpstart the energy-efficient electric vehicles industry in the country by producing 100,000 units of electric vehicles.

 From the $504 million, ADB was supposed to shoulder $300 million while CTF will provide $105 million and the remaining $99 million from the government.
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