The 40 percent ownership of State Grid Corporation of China in the National Grid Corporation of the Philippines (NGCP) won’t pose a national security threat, the NGCP assistant corporate secretary told the Senate energy committee Wednesday.
The 40 percent ownership of State Grid Corporation of China in the National Grid Corporation of the Philippines won’t pose a national security threat, the NGCP assistant corporate secretary told the Senate energy committee Wednesday.
Tulfo reiterated the need to return NGCP’s ownership to the Philippine government, specifically to the National Transmission Corporation and not with China’s state grid and private firms. Tulfo pointed out that Esperon only inspected the facilities in the NGCP and not the State Grid Corporation of China.
“The only Chinese that are in the country that are connected to NGCP are three and these are the members of the board. They sit in the board, and they represent the shareholdings of the State Grid Corporation of China,” he said.
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