The National Electrification Administration (NEA) said on Thursday that National Power Corp. (Napocor) will reduce services to areas served by its Small Power Utilities Group (SPUG) due to the high price of diesel fuel. READ:
THE National Electrification Administration said on Thursday that National Power Corp. will reduce services to areas served by its Small Power Utilities Group due to the high price of diesel fuel.
In a statement, Napocor said that the continuous increase in diesel fuel prices has exhausted its allotted funds for fuel. In a statement, Napocor President Fernando Martin Y. Roxas said the company has requested a P5-billion loan for fuel purchases, which it expects to receive by May.
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