Maharlika Investment Corp.’s (MIC) ₱19.7-billion acquisition play for a 20 percent stake in Synergy Grid and Development Philippines Inc. (SGP), the holding gateway to transmission firm National Grid Corporation of the Philippines (NGCP), failed to close on the original schedule. This failure...
Consumers in Catanduanes will be forced to sweat through longer hours of rotational brownouts due to the ₱538 million worth of unpaid obligations of state-run National Power Corporation (NPC) to power supplier Sunwest Water and Electric Co. Inc. (SUWECO). SUWECO, which operates at least five...
The province of Catanduanes will experience rotational brownouts starting Saturday, Oct. 5, as the National Power Corporation (NPC) has postponed subsidy billings, according to Sunwest Water and Electric Co. (SUWECO). SUWECO reported a scaled-down operation due to NPC’s delayed payments for...