Philippines

Napocor and its partners has placed its imprimatur on the manual of the Ambuklao and Binga power complex’s non-power components. The National Power Corporation, the Power Sector Assets & Liabilities Management Corporation, and SN Aboitiz Power-Benguet, Inc. has formally signed the documents approving the manual.

The Energy Regulatory Commission has approved Meralco's rate translation under Performance-Based Regulation.

The Napocor was recognised for its efforts to conserve the natural ecological system in the areas where it operates.

PLDT will acquire a 30 percent stake in Meralco to frustrate a perceived takeover attempt by San Miguel Corporation.