Private Participation and Legislation in Philippine Power Sector - New Market Research Report
Until the mid-1980s the power sector in the Philippines was mostly state-owned, through the National Power Corporation (NPC). After the Asian debt crisis in the early 1980s, the Philippine government tightened its fiscal policy and capital expenditure for additional electricity capacity was significantly reduced. This led to a slowdown in the installation of new electricity generating facilities and at the same time electricity demand continued to increase. This resulted in tight electricity supply and demand conditions by the middle of...
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