THE Department of Energy (DOE) may further push back the privatization of the independent power producer administrator (IPPA) contract for a 210-megawatt (MW) coal-fired power plant in Misamis Oriental because of the current high power rates in Mindanao.
DOE officer-in-charge (OIC) Zenaida Monsada said privatizing the IPPA contract for the Misamis coal plant would only result in higher electricity costs for residents.
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