Earthquake fault line, Former Philippines president Marcos

Earthquake fault line

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Former Philippines president Marcos authorized construction of a new nuclear power plant on a known earthquake fault line in the providence of Bataan in the Philippines. The projected $500 million power plant was to be constructed by Westinghouse. The project was backed by EXIR-a U.S. government backed Export Credit Agency - which guaranteed Philippine loan to Westinghouse. The actual project cost amounted to $2.3 billion. Westinghouse was paid despite the fact that the nuclear plant never went online since it was built on a fault line. This illustrates an example of

Reference no: EM131104909

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