Maharlika’s NGCP stake deal faces delays as government eyes power grid foothold

DOE chief hopeful on Maharlika-NGCP deal completion

MANILA, Philippines — The Department of Energy is hoping that the planned P19.7-billion entry of Maharlika Investment Corp. (MIC) in the National Grid Corp. of the Philippines (NGCP) will be completed before the year ends. Speaking to reporters, Energy Secretary Sharon Garin said there have been “improvements” in the negotiations. READ: First investment: Gov’t, through Maharlika,

Maharlika’s NGCP stake deal faces delays as government eyes power grid foothold

State-run Maharlika Investment Corp. (MIC), the country’s first sovereign wealth fund (SWF) manager, may have to wait a few more months, possibly before...