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菲律宾电力公司(Napocor)总裁于1995年12月底明确表示,鉴于政府抑制开支,2000～2005年建设的国内水电站一律以BOT方式委托给私人企业。此项方针于1996年开始实行。 90年代初期,Napocor就曾推行BOT方式的电站建设计划,渡过了电力危机,但当时以火电为对象。对于资本密集,施工期长,投资回收率不够高的水电项目,私人投资家不太积极。为了汲取教训,这次的BOT方式水电项目采取了若干优惠政策:给予私人投资家以税收优惠,以减轻投资风险;由Napocor负担公路、输电线路等方面的费用等等。此
At the end of December 1995, the president of the Philippines Power Company (Napocor) made it clear that due to the government’s suppression of expenditures, domestic hydropower stations built in 2000-2005 will be entrusted to private companies by BOT. This policy began in 1996. In the early 1990s, Napocor had implemented the BOT power station construction plan and passed the power crisis, but at the time it was targeting thermal power. For the hydropower projects that are capital-intensive, have long construction periods, and do not have high investment recovery rates, private investors are less active. In order to learn the lesson, the BOT hydropower project adopted several preferential policies: tax incentives for private investors to reduce investment risks, and Napocor’s costs for roads, transmission lines, etc. this