MANILA (AFX-ASIA) – State-owned National Power Corp (Napocor) may return to profitability once it is allowed to implement an average 1.85 pesos per kilowatthour increase in its basic rate, Power Sector Assets and Liabilities Management Corp (PSALM) president Raphael Lotilla said. PSALM is the company created by the government to absorb the Napocor assets set…
PHILIPPINES: Napocor sees return to profit if rate hike is approved Ð official
Posted on July 13, 2004 by EnergyAsia