Electricity in the Philippines is the third most expensive in all of Asia, according to studies by University of the Philippines engineering professor Rowaldo del Mundo, with power in Iloilo City the most expensive in the whole world according to the Freedom from Debt Coalition, costing consumers PHP 12.95 per kilowatt-hour. This means that an average refrigerator alone, consuming about 1100 kWh per year, costs a household about PHP 1,187 per month in electricity bills, not yet counting the family’s other electrical appliances. This translates to spending of about 18% of per capita GDP only on powering a single refrigerator.
2. Vietnam signed nuclear power deals with Russia and Japan, leaders from the three countries said
Under a $5 billion agreement, Russia will build Vietnam's first nuclear power plant, with two power units, each with a capacity of 1.2 gigawatts. Construction is expected to start in 2014.
Vietnam's agreement with Japan for nuclear reactor construction is worth an estimated $14.4 billion and calls for two reactors in the southeastern Vietnamese province of Ninh Thuan with a combined output of 2 gigawatts, The Asahi Shimbun newspaper of Japan reports. They are scheduled to go online in 2021
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