Comments on: Masinloc Musings Again http://asianenergyadvisors.com/2006/05/19/masinloc-musings-again/ Focused on the Philippine Electricity Sector Sun, 01 Aug 2010 07:27:37 +0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Nick http://asianenergyadvisors.com/2006/05/19/masinloc-musings-again/comment-page-1/#comment-23 Nick Fri, 19 May 2006 12:41:32 +0000 http://asianenergyadvisors.com/?p=148#comment-23 Yes I do remember, Noli. Though, to be clear, it was the Meralco (and Napocor) ratepayers that ultimately shouldered the Malampaya risk. But interesting one-two point on Malampaya-privatization. My feeling is that a fundamental domestic thrust, politically, of the privatization program is, quite simply, to have the government hold fewer cards. Yes I do remember, Noli. Though, to be clear, it was the Meralco (and Napocor) ratepayers that ultimately shouldered the Malampaya risk.

But interesting one-two point on Malampaya-privatization.

My feeling is that a fundamental domestic thrust, politically, of the privatization program is, quite simply, to have the government hold fewer cards.

]]> By: noli marcelo http://asianenergyadvisors.com/2006/05/19/masinloc-musings-again/comment-page-1/#comment-22 noli marcelo Fri, 19 May 2006 09:33:24 +0000 http://asianenergyadvisors.com/?p=148#comment-22 Like Neal Cruz, I also believe that it's PSALM who's the greedy here ogre here, not First Gas. YNN's bid $561.74 million, i believe is a gross estimation blunder on the YNN's part. Perhaps the 56174 numerals came out of a feng shui divination, that's why they bet on it with all the shirts on their back. What I pity here is Meralco, which is again being "used" (negative connotation) by the government. (Remember how the goverment of FVR used Meralco to make the Malampaya gas fields viable? Now the government is arm-twisting Meralco to make it appear that privatization is going somewhere.) How can Meralco refuse when the government holds all the cards? Oh well ... as they say: "only in the Philippines". Like Neal Cruz, I also believe that it’s PSALM who’s the greedy here ogre here, not First Gas.
YNN’s bid $561.74 million, i believe is a gross estimation blunder on the YNN’s part. Perhaps the 56174 numerals came out of a feng shui divination, that’s why they bet on it with all the shirts on their back.
What I pity here is Meralco, which is again being “used” (negative connotation) by the government. (Remember how the goverment of FVR used Meralco to make the Malampaya gas fields viable? Now the government is arm-twisting Meralco to make it appear that privatization is going somewhere.) How can Meralco refuse when the government holds all the cards?
Oh well … as they say: “only in the Philippines”.

]]> By: Mamutong » Masinloc http://asianenergyadvisors.com/2006/05/19/masinloc-musings-again/comment-page-1/#comment-21 Mamutong » Masinloc Fri, 19 May 2006 05:17:14 +0000 http://asianenergyadvisors.com/?p=148#comment-21 [...] Musing on Masinloc over on Asian Energy Advisors today. Tags [...] [...] Musing on Masinloc over on Asian Energy Advisors today. Tags [...]

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