STATE-RUN National Power Corp. (NPC) will settle its arrears totaling P3.44 billion in additional remittances from last year, as well as unpaid dividends from 2012 to 2015, the Department of Finance (DoF) said on Friday.
In a statement, the Finance department said the power company has committed to remit P472 million more in dividend remittances for 2016 and P2.97 billion in arrears covering 2012 to 2015 payable in five years.
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