00:00The administration of President Ferdinand R. Marcos, Jr. expects a cheaper electricity bill
00:05and a stronger electricity supply due to the flagship investment of the Maharlika Investment Fund
00:10in the National Grid Corporation of the Philippines.
00:12Details in the national news of Clay Zalpardilla of PTV Manila.
00:18Yesterday, the electrician Raul was compiling the broken appliances
00:23to earn and get through the months of expenses.
00:27Everything is increasing.
00:29If it's possible to do it at night,
00:31open the house, electricity, number one,
00:34those are the heavy things.
00:36For the price to be more affordable and for the electricity supply to be stronger,
00:41the Maharlika Investment Corporation started using the Maharlika Investment Fund
00:47for housing,
00:49followed by the purchase of 20 percent
00:52or equivalent to more than P19 billion
00:55of the National Grid Corporation of the Philippines or NGCP.
01:00The NGCP is a private corporation that runs the power grid of the country
01:05and delivers electricity to the plants
01:08towards power distributors like Meralko.
01:11The NGCP will give a seat to the Maharlika Investment Corporation.
01:16This means, said President Ferdinand R. Marcos, Jr.,
01:21the people will have a voice
01:24and the government will influence the decisions of the NGCP
01:28to ensure a proper supply
01:30and a stable supply of electricity.
01:33According to the Energy Department and MIC,
01:35the government will decide
01:38when to implement the NGCP project.
01:42For example, the effect of that is the Mindanao-Visayas Interconnection Project of 2024.
01:48That resulted in a reduction of P1 to P2
01:51in electricity in the spot markets in Luzon, Visayas, and Mindanao.
01:56Now that the NGCP is a part of the government,
01:59the government is positive that transparency will be enhanced.
02:03It will be easy to see if there are or whether it is true
02:06that the power grid could be shut down.
02:10It is expected that the government will not earn P1.24 billion per year
02:16in its construction.
02:17Once we identified energy as our top priority,
02:21we've then decided to ask ourselves
02:23which part of that energy ecosystem
02:25in fact requires the most number of investment,
02:28the biggest amount of investment,
02:30and the highest impact.
02:32And that would be in the distribution lines.
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