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Palawan power upgrade planned
Manila Bulletin
|December 3, 2025
The National Electrification Administration (NEA) and sovereign wealth fund (SWF) Maharlika Investment Corp. (MIC) have around three years to address the looming power strains in Palawan province, following a newly signed agreement to improve distribution infrastructure on the island.
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On Tuesday, Dec. 2, NEA, MIC, and the Palawan provincial government signed a four-way memorandum of agreement (MOA) to identify critical concerns in the Palawan Electric Cooperative (PALECO) and stabilize the energy supply in the off-grid area.
This MOA follows the memorandum of understanding (MOU) that the parties signed in May 2024.
Energy Secretary Sharon Garin emphasized that this deal will require a strict time frame of three years, or before the end of the current Marcos Jr. administration.
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