Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
Last updated 1 minute ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
Manila scraps $1m fund allocated for Bataan nuke plant
By Manolo B. Jara July 18, 2013
 Print    Send to Friend

MANILA: The government has decided to scrap the annual $1 million maintenance fund allocated for the mothballed nuclear power plant in Bataan province in Central Luzon, thus effectively closing down the controversial facility, according to a Malacanang Palace official.

Secretary Florencio Abad of the Department of Budget and Management disclosed the decision was reached during a cabinet meeting presided over by President Benigno “Noynoy” Aquino at the Palace.

“We decided to remove the $1 million maintenance fund from the proposed 2014 national budget without the facility producing a single watt of electricity,” Abad explained.

He added Aquino and the cabinet agreed the $1 million could be used for “productive purposes,” adding the maintenance personnel the facility would be returned to the state-owned National Power Corporation (Napocor).

And in doing so, Abad also confirmed the decision has effectively shut down the controversial facility set up by the US-based Westinghouse company during the time of the late Philippine dictator Ferdinand Marcos amid charges of massive corruption that allegedly benefited him, members of his family and their cronies.

It likewise set aside attempts from various quarters for the revival of the facility which was mothballed during the time of Aquino’s mother late late global democracy icon president Corazon Aquino, to help solve a looming serious power shortage in the next three years.

Add this page to your favorite Social Bookmarking websites
Post a comment
Related Stories
Death toll from clashes with Sayyaf soars to 14
MANILA: The death toll from the continuing clashes between government security forces and the Abu Sayyaf extremists on the island province of Sulu in restive Mindanao ha..
SC rules as illegal dismissal of unwed mother
MANILA: In what was considered as a landmark decision, the Supreme Court (SC) has declared as illegal the dismissal by a Catholic school in Cavite province in Southern Lu..
Seven dead as Philippine soldiers battle militants
MANILA: A Philippine military assault against militants on a remote southern island triggered a day-long battle on Wednesday that left five rebels and two soldiers dead, ..
Manila court enters ‘not guilty’ plea for ousted CJ
MANILA: A special court on Wednesday entered a “not guilty” plea for the ousted Supreme Court (SC) chief justice who refused to participate during his arraignment on char..
Manila court freezes ‘illegal’ assets of lawmaker
MANILA: A special court has ordered a freeze on the “illegal” assets worth $4 million of the senator-son of former president and now Manila Mayor Joseph Estrada who was i..
Advertise | Copyright