Aquino to businessmen: Nothing to fear of additional authority

By Kristine Angeli Sabillo |INQUIRER.net

10:55 am | Tuesday, September 30th, 2014

President Benigno S. Aquino III. INQUIRER FILE PHOTO

MANILA, Philippines—President Benigno Aquino III on Tuesday assured reportedly worried businessmen that the additional authority he is asking for will only address the country’s looming energy shortage.

He said the additional authority to contract power plants must be passed to maintain the country’s growth momentum.

Aquino gave his speech more than two weeks ago after he asked Congress for additional authority to contract generating capacity amid looming power shortage next year.

Energy Secretary Carlos Jericho Petilla told Congress they expect a shortage of around 300 megawatts to 800 megawatts.

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