In a groundbreaking initiative to promote sustainable energy solutions, the European Union (EU), the World Bank and the National Power Corporation (Napocor) have come together to inaugurate rural network solar power plants in the Philippines.
In a brief three-page resolution, the Sandiganbayan 2nd Division denied former National Power Corporation (NAPOCOR) president Rogelio Murga’s motion for reconsideration for lack of merit.
Bayan Muna Rep. Carlos Zarate and chairman Neri Colmenares on Friday assailed the Department of Finance (DOF) for green-lighting the “highly unusual” loan agreement that would allow China to take over Philippine ports, airports and even energy resources in case of default.
The House of Representatives on Monday approved on final reading a bill promising a cut in consumers’ electricity billings of up to 57 centavos per kilowatt hour by subsidizing the National Power Corp.’s debts with the multibillion peso Malampaya fund.
The Sandiganbayan 2nd Division has refused to allow former National Power Corporation (NAPOCOR) executive Alberto Guanzon leave to file a demurrer to evidence which will challenge the evidence presented against him during the trial.
Utilizing the Malampaya fund to subsidize the debts of the National Power Corporation (NAPOCOR) will help ease down electricity bills, according to a party-list solon.
