Stalemate over Morupule Bs US$800m expansion goes to OP

The countrys highest office has entered the four-year deadlock over whether government should go ahead with the US$800 million (P8.6 billion) expansion of Morupule B; several highly placed insiders have confirmed to BusinessWeek.

Two Asian mega-corps – Marubeni from Japan and Posco from South Korea – won the tender to expand Morupule B by 300MW in 2015 and were due to have begun work in January 2017 on a 42-month contract.

While Morupule B currently has four units capable of producing 600MW, it has never produced that much due to frequent breakdowns and is due to undergo intensive repairs over the next four years. The Asian joint venture meanwhile has still not kicked off due to a dispute over a government support agreement required for the two firms to reach financial close.

Editor's Comment
Mob justice isn't just

A young man suspected of breaking into a car was seized by residents, severely assaulted, and died in the hospital within an hour. We unreservedly condemn this mob justice. It is not a solution to crime, but a criminal offence that turns citizens into murderers.Residents are understandably angry about theft. The person who raised the alarm at 4am acted lawfully, and the neighbours who rushed to help showed community spirit. But what followed was...

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