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(1) FPPC signed a BOT agreement with NPC to build and operate a bunker-fired power plant for 15 years from 1993 to 2010. PPPs allow private sectors to expand by investing in infrastructure projects with long-term stable cash flows while risks are allocated between public and private players. (2) In 2010, First Gen, JG Summit, and Meralco became direct owners of BPPC after a merger but saw reduced shareholder value, including contingent liabilities which must be measured at fair value per accounting standar

Author

Anthony Alferes

Language

EN