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Fossil fuel is the most expensive fuel in the world today, while privatization in this country has proven not to be beneficial to the Filipinos, as higher prices and the same sloppy and bum service follow after a government sells the country’s assets.
And yet there went Noynoy, announcing to one and all that he plans to sell all government power plants in the country, including hydroelectric plants as this is one way to attract investors.
In the time of Noynoy’s mother, her solution to the eight-hour daily blackouts problem which she and her administrators created in the first place, was to come up with overpriced contracts for fuel barges, which initially solved the problem, but ended with the consumers paying more for the cost of power..... MORE
Source: The Daily Tribune