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State-run National Power Corp. hopes to borrow P10 billion from the Land Bank of the Philippines to ensure the continued delivery of power supply in off-grid areas.
State-run National Power Corp. (NPC) may tap its subsidy allotments from the national government to fund its operation requirements next year, the Department of Budget and Management (DBM) said.
Budget Secretary Amenah F. Pangandaman said Friday, Oct. 21, that the subsidy portion in the corpor
State-run National Power Corp. expects power problems in missionary areas in the country to worsen should fuel prices continue to soar, especially with its budget for next year slashed by nearly 30 percent.
State-run National Power Corp. is looking to tap a P5 billion credit facility from the Land Bank of the Philippines after securing a favorable opinion from the Department of Justice (DOJ), allowing it access to banks’ credit lines to support its operations.