Customise Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.

No cookies to display.

June 3, 2025
News

No official agreement made by Maharlika on NGCP board slots— SGP

  • January 23, 2025
  • 0

Synergy Grid & Development Phils., Inc. (SGP) clarified that no official correspondence has been made by the Maharlika Wealth Fund regarding potential funding or investments in the National

No official agreement made by Maharlika on NGCP board slots— SGP

Synergy Grid & Development Phils., Inc. (SGP) clarified that no official correspondence has been made by the Maharlika Wealth Fund regarding potential funding or investments in the National Grid Corp. of the Philippines (NGCP).

This disclosure was issued in response to a report by Bilyonaryo saying that the Maharlika Wealth Fund is pushing for representation with four board seats in the NGCP.

“SGP has no information or knowledge on the abovementioned matter. Upon inquiry, NGCP has not received any formal correspondence from the Maharlika Wealth Fund regarding any investment into NGCP,” said SGP.

The firm further added that it will make the appropriate announcements to the public once such matters are verified.

The alleged proposal would go beyond the 20% stake that NGCP’s primary stakeholders, including China’s State Grid Corporation, were reportedly prepared to give up.

Curious about how this affects energy investments in the Philippines? Join the discussion and share your insights by catching the latest at Power Philippines.