The Maharlika Investment Corporation is also interested in the Chinese grid operator’s stake in NGCP
This is AI generated summarization, which may have errors. For context, always refer to the full article.LeAnne Jazul
Energy Secretary Raphael Lotilla cited the Mindanao-Visayas Interconnection Project as an example. He said the wholesale electricity spot market prices dropped after its completion in 2024, as around 400 megawatts of Mindanao’s power surplus was exported to other regions.then mas lalong walang balakid sa pag-supply ng kuryente.
SGP, which is led by tycoons Henry Sy Jr. and Robert Coyiuto Jr., has a 40.2% ownership interest stake in NGCP.Consing expects the acquisition to be completed within 180 days. This period will cover comprehensive due diligence and regulatory approvals. For Lotilla, the government’s seats in the NGCP board will also provide greater transparency in relation to its operations.
Department Of Energy Governance NGCP Power And Water Business Consumer Issues Economy &Amp Governance Industries
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Via MIC, PHL Govt gets a 20% stake in NGCP | Samuel P. Medenilla and Lenie LecturaWITH the signing of a new agreement between state-run Maharlika Investment Corporation (MIC) and Synergy Grid and Development Philippines Inc. (SGP) on Monday, the government has now secured a 20-percent stake in the National Grid Corporation of the Philippines (NGCP). President Ferdinand Marcos Jr.
Read more »
Maharlika Investment Corp. sees NGCP stake helping lower power pricesMaharlika Investment Corporation (MIC) president Rafael Consing Jr. said Tuesday that its investment in the National Grid Corporation of the Philippines (NGCP) could help in the government's aim of lowering power prices. Consing emphasized that energy security sits at the top of their priorities, noting that the MIC can support the power grid operator in its transmission grid infrastructure. He explained that the rollout of this infrastructure could lead to more power players entering the grid, increasing supply and eventually leading to lower electricity prices. Energy Secretary Raphael Lotilla echoed this sentiment, stating that completed transmission projects can contribute to price reductions by addressing constraints that often drive prices up.
Read more »
Power grid not under China's control, NGCP exec Sy tells solons'The State Grid Corporation of China (SGCC) does not exercise control over the power grid [or] over NGCP.'
Read more »
TransCo flags NGCP delays, higher costs for power consumersState-owned National Transmission Corporation (TransCo) flagged Thursday significant delays in transmission projects by the National Grid Corporation of
Read more »
NGCP Completes Major Grid Projects, Enhancing Power Reliability in the PhilippinesThe National Grid Corporation of the Philippines (NGCP) achieved significant milestones in 2024 by completing four major grid projects, significantly bolstering the reliability of the country's power infrastructure. These projects include the Mindanao-Visayas Interconnection Project (MVIP), the Cebu-Negros-Panay 230-kiloVolt (kV) backbone, the Mariveles-Hermosa-San Jose 500kV Line, and the Cebu-Bohol Interconnection Project (CBIP). These developments aim to improve transmission services, strengthen the Central Visayas grid, and support Cebu's growth as a load center in the Visayas.
Read more »
ERC Prioritizes NGCP and Meralco Rate Reset Reviews in 2025The Energy Regulatory Commission (ERC) has set completing the rate reset reviews for both NGCP and Meralco as top priorities for the first half of 2025.
Read more »