President Rodrigo Roa Duterte assures the public that China will not hold control over the Philippine power grid, and states that he sees no problem with China’s co-ownership of the National Grid Corporation of the Philippines (NGCP). The NGCP is a private company that manages and operates the country’s power transmission infrastructure, but the National Transmission Corporation – a state-owned firm – owns the transmission lines that connect power plants to power distribution utilities.
The NGCP clarify that China’s 40% stake is limited to being a technical adviser.
