Literature Network » Nathaniel Hawthorne

Two cheers for PSALM; Is it fact, or have I dreamt it - that by means of electricity, the world of matter has become a great nerve vibrating thousands of miles in a breathless point of time. - Nathaniel Hawthorne.(Breakfast Table)

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From: Manila Bulletin
Date: 20070803
Author:

Byline: ADRIAN E. CRISTOBAL

AFTER the botched sale last year of the Masinloc coalfired power plant, the Power Assets and Liabilities Management Corporation (PSALM) rebid the 600 megawatt facility, selected a Singapore-based firm as the winner, and regained the confidence of the power industry.

Privatization advocates predict a bright future for the government's efforts at reforming the power sector since the Masinloc is the biggest sale by far of the country's power plants.

It will be recalled that the last bidding for Masinloc was "tainted" with controversy when ...

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