Maharlika, state energy agencies ink Mindoro grid upgrade deal

MANILA, Philippines – The Maharlika Investment Corporation has signed an agreement with state energy agencies to modernize the Mindoro power Grid and support the island’s long-term energy needs. In a statement, MIC said it signed an agreement on Monday with the National Power Corporation (NPC), National Transmission Corporation (TransCo), and National Electrification Administration (NEA). MIC will serve as a strategic investor in the initiative, evaluating financing, acquisition, and modernization options for the small grid. READ: Oriental Mindoro faces power deficit, says electric coop “MIC will consider financing and conducting technical studies to determine the most cost-effective ways to rehabilitate the grid, […]...

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