MANILA/SINGAPORE — The Philippines will probably miss a deadline for selling the national power grid by the end of the year, marking the third delay to its privatization plan, banking sources said on Friday.
The government will not finish preparing an independent value appraisal for public bidding for the National Transmission Corp. (Transco) until the first quarter of 2005, local media quoted Alan Ortiz, Transco president, as saying.
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