Monday, June 5, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

NPC seeks support of Congress to sustain operations of 278 power plants

Alena Mae S. FloresbyAlena Mae S. Flores
November 7, 2022, 7:40 pm
in Business, Power & Tech
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

State-owned National Power Corp. is seeking the support of Congress to augment its 2023 budget to ensure it can sustain the operations of 278 power plants under the Small Power Utilities Group nationwide.

Napocor sent a letter to House Committee on Appropriations chairman Rep. Elizaldy Co and vice chairman Rep. Stella Quimbo on the need for supplemental budget in the General Appropriations Act for 2023 or additional funding sources.

“Inclusion of our proposed special provisions in the GAA would allow our board to augment our budget if possible sources of funds become available without going back to Congress,” said Napocor president and chief executive Fernando Martin Roxas.

Napocor said the augmentation was needed due to the volatility of fuel prices which are now priced twice as much as the initially available funds.

Fuel accounts for almost 70 percent of the corporation’s operational costs for both the SPUG plants and new power provider subsidies.

Roxas said other contingency measures being considered are credit lines from Landbank of the Philippines, immediate approval of tariff applications before the Energy Regulatory Commission and reimbursements for the advances made in the maintenance of the Bataan Nuclear Power Plant from 2011 to 2023 in the amount of P404 million.

Napocor powers up far-flung islands and communities not connected to the main grid as mandated by the Electric Power Industry Reform Act of 2001.

It provides electricity to around 1.3 million households in the countryside.

Tags: 2023 budgetCongressNAPOCORNational Power Corp.power plantsSmall Power Utilities Group
ADVERTISEMENT
Alena Mae S. Flores

Alena Mae S. Flores

Related Posts

A BROWN COMPANY, INC.: Notice of Annual Stockholders’ Meeting

byManila Standard
June 5, 2023, 6:00 am
0
8
A BROWN COMPANY INC: Notice of Annual Stockholders’ Meeting

Read more

5-month investment pledges topped P560b

byOthel V. Campos
June 4, 2023, 8:05 pm
0
8
5-month investment pledges topped P560b

Investment pledges received by the Board of Investments crossed the P500-billion mark in the first five months, boosting the agency’s...

Read more

MREIT plans to include malls in its portfolio

byJenniffer B. Austria
June 4, 2023, 8:00 pm
0
8
How chocolate could counter climate change

MREIT Inc., the real estate investment arm of Megaworld Corp., said it is open to adding shopping malls in its...

Read more

June power rates to rise as distribution rate refund ends

byAlena Mae S. Flores
June 4, 2023, 7:55 pm
0
8
Meralco deploys 69 more electric vehicles

Manila Electric Co. said over the weekend consumers may experience higher electricity rates in June with the completion of the...

Read more

Iloilo consumers start receiving bill deposit refunds from MORE

byAlena Mae S. Flores
June 4, 2023, 7:50 pm
0
8
Iloilo consumers start receiving bill deposit refunds from MORE

MORE Electric and Power Corp. said over the weekend its consumers in Iloilo City started to receive their bill deposit...

Read more

Gov’t super app to improve business environment, says PLDT president

byDarwin G. Amojelar
June 4, 2023, 7:45 pm
0
8
SBP to prepare FIBA hosting venues once lockdown is lifted

PLDT Inc. said it supports the newly-launched supper app of the Marcos administration as it will further improve the ease...

Read more

Print Edition

View More

Recent Posts

  • Gunmen kill five in Ecuador city hit by drug violence
  • Pill halves risk of death in type of lung cancer
  • Senegal opposition slams police brutality after 16 killed in clashes
  • Duplantis sets new 2023 pole vault best
  • Foundever creates 2k+ job vacancies with first Partnership Summit
  • Heat bounce back vs Nuggets, tie NBA Finals at 1-1
  • DOE pushes faster EV rollout in PH
  • Morocco’s king, after long trips abroad, works to ‘restore authority’

Advertisement

Latest News

Heat bounce back vs Nuggets, tie NBA Finals at 1-1

byManila Standard Sports
June 5, 2023, 10:52 am
0
8
Heat bounce back vs Nuggets, tie NBA Finals at 1-1

Jimmy Butler of the Miami Heat drives to the basket against Jamal Murray of the Denver Nuggets during the second...

Read more

DOE pushes faster EV rollout in PH

byThe Standard
June 5, 2023, 10:24 am
0
8

The Department of Energy (DOE) is pushing for a faster rollout of electric vehicles (EVs) in the Philippines to help...

Read more

Morocco’s king, after long trips abroad, works to ‘restore authority’

byAFP
June 5, 2023, 10:00 am
0
8
Southwoods nails Seniors’ Fil golf crown

Rabat, Morocco - Morocco's king has embarked on a whirlwind of public activities, which observers say aim to "restore the authority"...

Read more

Saudi Arabia slashes output further to boost oil price

byAFP
June 5, 2023, 9:00 am
0
8
Oil market uncertain, fragmented after Ukraine invasion

Vienna, Austria - Riyadh on Sunday announced a fresh oil output cut following a meeting of major producers aiming to prop...

Read more

Hong Kong police detain more than 20 on Tiananmen anniversary

byAFP
June 5, 2023, 8:00 am
0
8
Southwoods nails Seniors’ Fil golf crown

Hong Kong, China - Hong Kong police on Sunday detained more than 20 people, including key pro-democracy figures trying to commemorate...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App