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Title
Power shortages prompt Philippines sell-off.
Abstract
Reports on the approval by Philippine President Gloria Macapagal-Arroyo of the immediate sale of the generating assets of the National Power Corp. (Napocor) as of September 2003. Instruction of the president to privatize the assets of Napocor to resolve the issue of either leasing the transmission assets or negotiating a contract; Speculation on the amount that would be raised from the privatization.