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Maharlika-NGCP deal to close next year – DOE
The Philippine Star
|November 22, 2025
The P19.7-billion entry of Maharlika Investment Corp. (MIC) into the country’s grid operator could face further delays, with the deal’s completion potentially slipping into next year, according to the top energy official.
“Maybe next year. I don’t want to get into who has been doing what and who hasn’t, but it’s (deal) taking a while. Maybe the negotiations are what's taking so long. ” Energy Secretary Sharon Garin told reporters yesterday.
Garin said the sovereign wealth fund manager was still requesting more documents from the National Grid Corp. of the Philippines (NGCP) before reaching financial closing.
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The Philippine Star
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