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The Maharlika Investment Corporation has yet to provide concrete plans for its supposed investments in the country's energy sector.This was disclosed by Senator Sherwin Gatchalian during the Senate plenary deliberations on the Department of Energy's proposed budget for 2025 after Senator Imee Marcos raised the need for government intervention to address the delays in the completion of interconnectivity projects in the electric grid under the National Grid Corporation.
"Marcos cut him short and asked, "So we’ll have to say it's wishful thinking for now?""You’re correct, it’s still very in its initial stage," Gatchalian responded.Prior to the discussion on the MIC's promised investment in the country's grid development, Gatchalian said that the NGCP has already been asked by the Energy Regulatory Commission to explain the delays in the implementation of grid projects.
Maharlika Fund Maharlika Investment Corporation Department Of Energy Doe Sherwin Gatchalian News
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