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What is keeping the administration of Noynoy from revisiting the Electric Power Industry Reform Act (Epira), a law that had failed to live up to its promise of providing cheap electricity, is totally baffling.
But clues were brought to light on his administrations true motives during the Mindanao Power Summit where he resorted to blackmail to get his, and his cronies way with the power contracts.
Noynoy said that electricity users in Mindanao will have to live with high power bills since the region cannot rely anymore on cheap hydroelectric power plants as their main source of electricity, citing climate change and the speed of economic progress on the island that cannot be sustained by hydroelectric sources..... MORE
Source: The Daily Tribune