I am adding this post-script to my article on “The Marcoses and the Missing Filipino Millions” because a couple of the comments I have received question whether the Philippines has a nuclear power plant or not.
I was there when Imelda’s cousin-in-law Herminio Disini was awarded a huge commission from Westinghouse to build a nuclear power plant on a piece of land in Bataan. The main problem was that the land selected for the power plant was sitting beneath a volcano and above two fault lines.
.So, right from the start the project was doomed to failure.
However, Westinghouse and the Marcoses chose to overlook this problem and building began. It was finally finished in 1985 and has remained a white elephant since then, costing the Philippines government and, thus, its people over 2 billion dollars. Money that has been completely wasted.
For more details about this, please click on the link to Fortune Magazine below.