By Kyle Aristophere T. Atienza, Reporter
The Firplest government By using their Suko Wealth Fund agreed to purchase a 20% polf company with 40% of the National Grid Corp company. Philippines (NGCP), according to the President’s President.
The Presidential Communications Office (PCO) means in a statement that the Maharla Investment Corp. (Mic), which regulated the Investment Agreement, signed a binding agreement with the Synarry Grid & Phils Phils.
MIC will register popular shares offered by SGP, an Owner of 40.2% of NGCP. The NGCP is acting with national power grid.
This writes the first investment of MIC since President Ferdinand R. Marcos, Jr. They signed the law that formed the first national Fund’s Family Fund on July 2023.
“I think, finally, we found a good solution to everyone’s concern,” said Mr Marcos during the signing agreement between MIC Presidency.efICER RAFAEL D. CHANGE, JR. Chairman of Sgp Henry T. SYY, JR. Monday.
Mr. Chening was quoted as saying the agreement will give two two seats available to SGP and NGEC Boards.
“When receipts were completed, we will have the right of nine seats on the SGP board, after the seatboards have increased from seven to seven to seven to seven. Two of 15, following the increase in complete seats from 10 to 15, “said.
The PCO statement quoted. Consed states that the MIC girl’s investment will “protect the nation’s allergies from external threats and interruptions.” He noted the government and needed “a voice in the NGCP decisions.”
Help out of concerns that 40% is Grid Corp ownership proposed. Of China (SGCC), the business held by a Chinese-Chinese-Chinese team, in the Grid operator. Critics include lawful manners from Congress houses suspect that the Bajing Developers can catch the whole world in the dark in flick of a switch.
The tension between the Philippines and China has grown last year between the conflict in the South China Sea when both have competitive decisions.
The NGCP in 2007 was awarded 25 years of rhyme, using the Philippines distribution program, with the revival of 25 years. It started working in 2009.
The secretary Raphael PM Lotilla said MCCP investment “goes to finding our purpose to ensure the safety of the provision, reliability, access and promotion competitive in the energy sector.”
For two board seats in NGCP and SGP, Mr. Lotilla said: “Maharalema can open the way for a better cooperation between DOE (the Department of Energy) and the NGCP for helping to expand the interpretation of the Archipelago.”
“Government investment in transmission will make additional funds available for the NGCP to manage to eliminate the release projects on time.”
He wanted to comment, the President of the Cynthia Public Sector Cynthia P. ”
Last week, Ngcp ofefThe Citics told legal benefits that is a Philippines controlled company.
Speaking in front of the house committee on Franchises Archises, Mr. SYS, who lives as the NGCP Chairperson, said Philippines Corporations Monte Oro Grid CORP resources. and 60% of the NGCP Money Store.
Mr. Sy Reterrated in listening to the “Ngcc listening to Philipino and staff, not the Chinese, control the function of the system.”
The NGCP said National Security Review as required by the Law 2022 which formed foreign ownership that imported the selected industry.
“MIC’s login on the NGCP should be checked in the national grid function, especially that foreign interests have improved in businesses regarded as social objects that are considered to be the jery L. Ridnon.
“On the other hand, the MIC and Government should be able to benefit from the Grid Marks and contribute to the achievement of a wealth fund,” Add to Facebook messengers.
Mr Rididon said the country’s power commander should decide that the grid marriages are reasonable and reflects the costs that provide at least costs in the community.
Ateneo de Manila Universidi Leonardo A. LONAH, on the other hand, said the investment agreement was “we are unnecessary as government has already had a SUF.efthe full control authority over the NGCP. “
“The key challenge lies in the effective destruction of the alternatives rather than direct ownership,” said the Messenger Chat.
“If the government is able to strengthen its oversight without investing financially, it can achieve the same results while maintaining public funds for the needs of sensitive infrastructure,” added.
MIC, created by the Legisth 2023, has a valid P500 billion stock. In this regard, P125 billions are found in investments of the Filipino Bank of the Philippines Bank of the Philippines, and the National Government Bank including Bangko Session Category Ng Ng Pipipas.
He asked if the investment agreement was a wise decision, President of Wandbank and Chief Executive Officer Lynette V. Ortiz said in the discussion: “I must say yes, of course.”
“I think everything is aligned with authority in providing cheap and griding power,” he said.
Mr Lootilla is also compared to government investment in referrals to the United Kingdom’s integrated decision on its submission operator.
“It will be remembered that the UK rebuilds the British Power system operator in September 2024 to support the safety of power, helping maintaining the buildings, and activates the renewable power projects,” he said.
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