Govt urged to reorganize state power firm
Albay 2nd District Rep. Joey Salceda says that the National Grid Corporation of the Philippines must be reorganized and ownership returned to Filipinos after a hearing by his panel on Jan. 7, 2025 learned that the NGCP was being headed by a Chinese national and that the State Grid of China, the partner of NGCP, gained the 'right to run' it. He also pushed for the refund of NGCP's excess income amounting to P204.3 billlion due to regulatory lapses and tax exemptions. Salceda says the Quinta and energy committees will be tasked to investigate the alleged NGCP ' lapses.
VIDEOS BY RED MENDOZA
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