Latest Breaking News On - Power utilities group - Page 2 : comparemela.com

(PNA file photo) MANILA - The National Power Corporation is working on short- and medium-term measures to sustain its operation and ensure that off-grid areas have continuous power supply. In a media briefing on Monday, Department of Energy Secretary Raphael Lotilla said the high price of petroleum and diesel products is always a challenge. He said constraints in the NPC's Corporate Operating Budget pose a major problem in sustained operations in off-grid areas "We are taking steps to fund a sustainable solution to address the financial woes that are crippling the operations of the NPC," Lotilla said. Lotilla assured the government is "undertaking remedies to ensure the delivery of its mandates despite several factors it cannot control." Last week, the NPC secured the approval of the Department of Budget and Management to use the previous year's national government subsidy, amounting to PHP1.112 billion, to cover due and demandable fuel payables. The subsidy

Raphael lotillaPower utilities groupDepartment of energyNational power corporationDepartment of budgetEnergy secretary raphael lotillaOperating budgetGeneral appropriations actSmall power utilities groupNa file photo manila the national power corporation is working on short and medium term measures to sustain its operation ensure that off grid areas have continuous supply ina media briefing mondayEpartment of energy secretary raphael lotilla said the high price petroleum and diesel products is alwaysa challenge he constraints in npc 39s corporate operating budget posea major problem sustained operations off grid areas quot we are taking steps to funda sustainable solution address financial woes that cripplingUot lotilla said assured the government is quot undertaking remedies to ensure delivery of its mandates despite several factors it cannot control last weekHe npc secured the approval of department budget and management to use previous year 39s national government subsidyMounting to php1 112 billionO cover due and demandable fuel payables the subsidy isa special provision in general appropriations act to additional funding requirements npcLong with the private sector through new power providers and qualified third parties