The National Power Corp. (NPC) said a 30-percent budget cut for next year would result in power outage in the so-called “missionary areas” covered by Small Power Utility Groups (SPUG).
The National Power Corp. said a 30-percent budget cut for next year would result in power outage in the so-called “missionary areas” covered by Small Power Utility Groups .
The fuel price hike was one of the reasons why SPUG generation companies have racked up substantial outstanding obligations to fuel suppliers. Given the volatility of prices and the slow release of funds from the NPC, many fuel suppliers are now reportedly reluctant to deliver more fuel on credit.
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