Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 5 hours, 13 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
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
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
Manila bomb plot part of protest against China
MANILA: A senior cabinet official on Tuesday disclosed the plot to bomb the Manila airport was hatched by a group led by a self-proclaimed “general” protesting the “soft ..
Panel throws out 3 Aquino impeachment cases
MANILA: A powerful committee of the House of Representatives on Tuesday threw out for “insufficiency in substance” the three impeachment complaints filed by militant grou..
NBI agents seize car bomb in NAIA; 4 nabbed
MANILA: National Bureau of Investigation (NBI) agents on Monday reported they seized a van loaded with improvised bombs and materials for the manufacture of explosives fr..
Filipino lawmaker in graft case suspended
MANILA: The head of the Philippine Senate on Monday disclosed he implemented an order from a special court for the 90-day preventive suspension of a senior member indicte..
Junior officer killed in Mindanao encounter
MANILA: A junior officer and the head of an elite Philippine Army unit was slain in an encounter with members of the Al Qaeda-linked Abu Sayyaf extremists on the island p..
 
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright