• MABILOG OPPOSES NGCP ENTRY TO ILOILO CITY

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    ILOILO CITY: Mayor Jed Patrick Mabilog here has registered his strong opposition to the proposed purchase of facilities of private firm Panay Energy Development Corp. (PEDC) by the National Grid Corp. of the Philippines (NGCP) at Barangay Ingore, La Paz district. PEDC is a subsidiary of the Global Business Power Corp (GBPC) and controlled by Metrobank while NGCP is a partner of Monte Oro Grid Resources Corp., a subsidiary of Henry Sy Jr.’s One Taipan Holdings Inc with controlling shares of Banco De Oro. Mabilog also said that Ilonggo Senate President Franklin M. Drilon has already registered his opposition to the plan of NGCP to control all transmission facilities in the Visayas by connecting power distributor Panay Electric Co. to the Visayas Grid of NGCP.

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