NPC seeks P1.65-B cost recovery in missionary areas

The National Power Corp. (Napocor) is seeking to recover around P1.65 billion in fuel costs incurred in the delivery of power in off-grid areas during the second half of 2014.

In a filing with the Energy Regulatory Commission (ERC), the state-run firm is asking the power regulator to grant its application for its 14th generation rate adjustment mechanism (GRAM).

Read more here.

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