The government must spend more than 6 billion pesos to provide for the additional 300 megawatts capacity. According to House Energy Committee Chairman Reynaldo Umali, each 100 megawatts is valued at 1 billion pesos. But the price would double since the government will have to enter a two-year contract since no business entity will enter into a short-term contract with the government. The contracting of additional power capacity is the last resort of the emergency […]