MIC, sinimulan ang paggamit ng MIF sa pamumuhunan sa NGCP

PTVPhilippines

MIC, sinimulan ang paggamit ng MIF sa pamumuhunan sa NGCP    For more news, visit:  ►https://www.ptvnews.ph/   Subscribe to our DailyMotion Channel:  ►http://www.dailymotion.com/peoples-television-incorporated   Subscribe to our YouTube channel:  ►http://www.youtube.com/ptvphilippines   Like our Facebook pages:  ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas   Follow us on Twitter:  ►http://twitter.com/PTVph   Follow us on Instagram:  ►https://www.instagram.com/ptvph   Watch our livestream on:  ►http://ptvnews.ph/livestream/  ►https://www.dailymotion.com/PTVPhilippines   Watch our News Programs, every Mondays to Fridays   Rise and Shine Pilipinas - 6:00 - 7:00 am | 7:30 - 8:00 am  Balitang Pambansa - 7:00 - 7:30 am | 12:00 - 12:30 pm |  6:00 - 6:30pm | 9:30 - 10:00 pm  PTV Sports - 8:00 - 9:00 am  Bagong Pilipinas Ngayon - 12:30 - 1:00 pm  Sentro Balita - 1:00 pm - 2:00 pm  Ulat Bayan - 6:30 pm - 7:00 pm  PTV News Tonight -  10:00 pm - 10:30 pm   Saturday & Sunday:  ►Sentro Balita Weekend - 1:30 - 2:00 pm  ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00The price of electricity is expected to go down.

00:03Now, the Maharlika Investment Fund has already collected 20% of the shares

00:08in the National Grid Corporation of the Philippines.

00:11The possibility of the government having control over the decisions of the NGCP is being looked at.

00:17Through this, the better supply of electricity is expected.

00:23This is Clayzel Pardilla's report.

00:26In the afternoon, the broken appliances are being assembled by Raul, an electrician,

00:31to earn and get through the months of expenses.

00:45In order for the price to be more affordable and for the supply of electricity to be more stable,

00:50the Maharlika Investment Corporation has already started using the Maharlika Investment Fund in its investment.

00:57This is followed by the purchase of 20%, or equivalent to more than P19 billion,

01:03which is part of the National Grid Corporation of the Philippines, or NGCP.

01:08The NGCP is a private corporation that runs the power grid of the country

01:14and delivers electricity to plants to power distributors like Meralco.

01:20The board of the NGCP will be given the Maharlika Investment Corporation.

01:25This means, said President Ferdinand R. Marcos Jr.,

01:29that the people will have a voice and that the government will have influence

01:34in the decisions of the NGCP to ensure a good supply and a stable supply of electricity.

01:41According to the Energy Department and MIC,

01:44the government will have the right and timely implementation of the NGCP project.

01:50For example, the effect of this is the Mindanao-Visayas Interconnection Project of 2024.

01:56This resulted in a reduction of P1 to P2 in electricity in the spot market in Luzon, Visayas, and Mindanao.

02:04Now that the government is part of the NGCP,

02:07the government is positive that transparency will be enhanced.

02:11It will be easy to see if there are or is it true that it is possible to cut off the supply of electricity.

02:18It is expected that the government will not earn P1.24 billion per year in its investment.

02:25Once we identified energy as our top priority,

02:29we then decided to ask ourselves which part of that energy ecosystem,

02:34in fact, requires the most number of investment, the biggest amount of investment, and the highest impact.

02:40And that would be in the distribution lines.

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