SGP, tinanggap ang alok ng administrasyon ni PBBM na bilhin ang 20% ng bahagi sa NGCP

2 days ago

SGP, tinanggap ang alok ng administrasyon ni PBBM na bilhin ang 20% ng bahagi sa NGCP

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Transcript

00:00The people will now have a voice and the government will also have an influence

00:05on the decisions of the National Grid Corporation of the Philippines, or NGCP.

00:10This is after the Maharlika Investment Corporation bought its 20% share.

00:16This is Claycel Pardilian of PTV with the news for the country.

00:22More than a year after the establishment of the Maharlika Investment Fund

00:27that was headed by the Maharlika Investment Corporation,

00:31which was the first to build it.

00:34The Senior Grid and Development Philippines, or SGP,

00:38was accepted by the administration of President Ferdinand R. Marcos Jr.

00:43That is the purchase of 20% of the National Grid Corporation of the Philippines, or NGCP.

00:50The ownership of the SGP is more than 40% of the NGCP,

00:55a private corporation that runs the country's power grid and distributes electricity

01:01from plants to power distributors such as Meralco.

01:06This means, said President Marcos,

01:09that the people will now have a voice and the government will have an influence

01:14on the decisions of the NGCP to ensure a stable supply

01:18and a stable supply of electricity.

01:21Under the agreement signed by President Marcos,

01:26the Maharlika Investment Corporation is given the power to choose a share in the SGP.

01:33The government will also have two positions on the board of both the SGP and NGCP.

01:39Aside from helping with the supply and price of electricity,

01:43it is also expected to contribute to the establishment of the Maharlika Investment Fund.

01:48The Maharlika Investment Fund has an initial capital of Php 125 billion

01:54from government funds that can be used for investment

01:58to further improve the country's economy.

02:02Reporting from PTV Manila, Clazel Pordilia, Balitang Pambansa.

SGP, tinanggap ang alok ng administrasyon ni PBBM na bilhin ang 20% ng bahagi sa NGCP

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Transcript

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