Meltdown: politics may finally have sunk Philippine nuclear plant
Article Abstract:
Philippine Pres Fidel Ramos said on May 30, 1993 that an idle nuclear power plant in Bataan province would be changed to a non-nuclear power generating station. Westinghouse Electric built the $2.5 billion plant under contract with the Ferdinand Marcos regime in 1976-85. The plant never went into operation. Pres Corazon Aquino stopped the project in 1986 ostensibly for safety reasons but actually because of the facility's association with Marcos. A May 19, 1993 US court ruling absolving Westinghouse Electric of liability for bribery probably prompted Ramos' action.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Second thoughts
Article Abstract:
Petroleum prices have been regulated in the Philippines since the 1970s, and protests against the government have followed price rises which have been perceived as due to government policy. The president, Fidel Ramos, has implemented a law of 1996 leaving prices to the market, but deregulation has been hampered by a drop in value for the Philippine peso since 95% of the country's petroleum is imported. Congressmen have filed suits claiming that deregulation is not constitutional, and the Supreme Courts has ordered a price freeze.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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Powerful solutions: Philippine project shows benefits of build-operator-transfer schemes
Article Abstract:
Philippine Pres Fidel Ramos has started to solve his country's massive electricity problems. Ramos is planning an initial five projects that would be funded under a build-operate-transfer scheme. The scheme harnesses the resources of a private company in building a public utility. Once finished, the utility is leased by the builder to the government for a fixed duration, after which the utility's transfer to the government is effected at contracted prices.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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