MANILA (AFX-ASIA) – Energy Secretary Vincent Perez said a government team will be initiating a “cordial” dialogue with independent power producers (IPPs) regarding financial provisions in their contracts found to be unfavourable to the government. A committee headed by Finance Secretary Jose Isidro Camacho had conducted an initial review of some 35 contracts amid allegations…
PHILIPPINES: Manila seeks ‘cordial’ dialogue with IPPs on power contracts
Posted on July 18, 2002 by EnergyAsia