More Power to invest ₱3.5B in Negros Occidental, Bohol

Quick Summary:

Iloilo City—More Electric Power Corp.(More Power) is investing as much as P3.5 billion to improve the power distribution service in some cities in Negros Occidental and Bohol.

And when the systems loss is above the cap, it means that it is being passed on to the consumers, and Ceneco is already losing P20 million to P30 million a month.

NEPC’s franchise under House Bill 9805 has been submitted to the Office of the President for signing into law.“The bill is now in Malacañang.

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Article Details

Author / Journalist: Lenie Lectura

Category: BusinessStartups

Markets: Philippines

Topics: Electric Ready Negros Castro Bohol System Power Ceneco Billion Iloilo Distribution

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-10 @ 16:08:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 589 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21567622

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Official Website: businessmirror.com.ph

Update Frequency: 27 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 12 hours ago

Coverage Areas: Philippines

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