Gov’t to look into security concerns over Chinese company’s stake in NGCP

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The government might impose additional requirements on the National Grid Corporation of the Philippines (NGCP) for its continued operations once its franchise is placed under review, according to National Security Adviser Hermogenes Esperon Jr.

Esperon recently disclosed that an inter-agency technical working group has recently been created to look into the security concerns arising from the stake held by a Chinese company in the NGCP.

“It is subject to review kaya mayroon kaming technical working group. We are aware of that, we are aware of your concern,” he added. “It’s something I would like to get into yung National Grid Corporation. Sinasabi kasi baka may control ang China, may backflow but actually yung DICT and NSA last time mayroon ng system na iniligay dyan para makita kung may backflow [Some say there might be back flow from the control of China but the DICT and NSA established a system to check if there is indeed backflow,” he said.

In 2007, the consortium composed of Monte Oro Grid Resources Corp., Calaca High Power Corporation, and the State Grid Corporation of China secured a 25-year concession to operate the country’s power transmission network.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines