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MANILA, Philippines – The Maharlika Investment Corporation has signed an agreement with state energy agencies to modernize the Mindoro power Grid and support the island’s long-term energy needs.
In a statement, MIC said it signed an agreement on Monday with the National Power Corporation (NPC), National Transmission Corporation (TransCo), and National Electrification Administration (NEA).
MIC will serve as a strategic investor in the initiative, evaluating financing, acquisition, and modernization options for the small grid.
READ: Oriental Mindoro faces power deficit, says electric coop
