Nuclear Power Plant Loan Finally Paid
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Nuclear power plant loan finally paid Agence France-Presse First Posted 16:20:00 06/13/2007
Abigail L. Ho; edited by INQUIRER.net http://business.inquirer.net/money/topstories/view/20070613-71098/Nuclear-power-plant-loan-finally-paid "The final payment of $15 million was settled in April," Filemon Condino, head of the fiscal planning and assessment division of the Bureau of the Treasury said. One of the pet projects of late dictator Ferdinand Marcos, the controversial power plant cost the Filipino taxpayer a total of P21.2 billion ($460 million dollars at today's exchange rate) on a debt of $1.06 billion.
http://en.wikipedia.org/wiki/Bataan_Nuclear_Power_Plant#cite_note-abscbn-1
The Philippine nuclear program started in 1958 with the creation of the Philippine Atomic Energy Commission (PAEC) under Republic Act 2067.[1] Under a regime of martial law, Philippine President Ferdinand Marcos in July 1973 announced the decision to build a nuclear power plant.[1] This was in response to the 1973 oil crisis, as the Middle East oil embargo had put a heavy strain on the Philippine economy, and Marcos believed nuclear power to be the solution to meeting the country's energy demands and decreasing dependence on imported oil.[2] Construction on the Bataan Nuclear Power Plant began in 1976 and was completed in 1984 at a cost of $2.3 billion.[2] A Westinghouse light water reactor, it was designed to produce 621 megawatts of electricity.[ Debt repayment on the plant became the country's biggest single obligation, and while successive governments have looked at several proposals to convert the plant into an oil, coal, or gas-fired power station, but all have been deemed less economically attractive in the long term than the construction of new power stations.[2]
Govt mulls opening Bataan nuclear power plant-energy chief By TJ Burgonio Philippine Daily Inquirer First Posted 17:41:00 06/07/2008
Reyes said it would take two years to undertake a feasibility study on the rehabilitation and another five years to rehabilitate the power plant. But he said it would take 15 years to build a new one. ”I have taken the position that we have to revisit the nuclear option because we don't want a situation where there will be power shortage,'' he later said in an interview. ”By all means, let's go renewable. Let's go alternative sources of fuel. But also, we can't have a situation where we do away with oil and coal, then we have blackouts, or we have shortage in power supply,'' he said.
Monday, October 27, 2008
SPECIAL REPORT: NUCLEAR ENERGY
Nuclear issue raises plenty of questions By Bernice Camille Bauzon, Reporter http://www.manilatimes.net/national/2008/oct/27/yehey/top_stories/20081027top5.html
Abigail L. Ho; edited by INQUIRER.net http://business.inquirer.net/money/topstories/view/20070613-71098/Nuclear-power-plant-loan-finally-paid "The final payment of $15 million was settled in April," Filemon Condino, head of the fiscal planning and assessment division of the Bureau of the Treasury said. One of the pet projects of late dictator Ferdinand Marcos, the controversial power plant cost the Filipino taxpayer a total of P21.2 billion ($460 million dollars at today's exchange rate) on a debt of $1.06 billion.
http://en.wikipedia.org/wiki/Bataan_Nuclear_Power_Plant#cite_note-abscbn-1
The Philippine nuclear program started in 1958 with the creation of the Philippine Atomic Energy Commission (PAEC) under Republic Act 2067.[1] Under a regime of martial law, Philippine President Ferdinand Marcos in July 1973 announced the decision to build a nuclear power plant.[1] This was in response to the 1973 oil crisis, as the Middle East oil embargo had put a heavy strain on the Philippine economy, and Marcos believed nuclear power to be the solution to meeting the country's energy demands and decreasing dependence on imported oil.[2] Construction on the Bataan Nuclear Power Plant began in 1976 and was completed in 1984 at a cost of $2.3 billion.[2] A Westinghouse light water reactor, it was designed to produce 621 megawatts of electricity.[ Debt repayment on the plant became the country's biggest single obligation, and while successive governments have looked at several proposals to convert the plant into an oil, coal, or gas-fired power station, but all have been deemed less economically attractive in the long term than the construction of new power stations.[2]
Govt mulls opening Bataan nuclear power plant-energy chief By TJ Burgonio Philippine Daily Inquirer First Posted 17:41:00 06/07/2008
Reyes said it would take two years to undertake a feasibility study on the rehabilitation and another five years to rehabilitate the power plant. But he said it would take 15 years to build a new one. ”I have taken the position that we have to revisit the nuclear option because we don't want a situation where there will be power shortage,'' he later said in an interview. ”By all means, let's go renewable. Let's go alternative sources of fuel. But also, we can't have a situation where we do away with oil and coal, then we have blackouts, or we have shortage in power supply,'' he said.
Monday, October 27, 2008
SPECIAL REPORT: NUCLEAR ENERGY
Nuclear issue raises plenty of questions By Bernice Camille Bauzon, Reporter http://www.manilatimes.net/national/2008/oct/27/yehey/top_stories/20081027top5.html
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