Debt-ridden power company wants to borrow P15b more

Published by rudy Date posted on May 20, 2011
STATE-RUN National Power Corp. on Thursday sought help from the Joint Congressional Power Commission for P15 billion in loans from private banks to finance its operations and missionary electrification and renewable energy projects.
Company president Froilan Tampico said National Power “has no longer flexibility to advance necessary expenditures [on] small power utilities groups using revenues generated for the main grid operations.”
But commission co-chairman Sergio Osmeña was unmoved, saying National Power had yet to improve its collection efficiency that was now down to only 65 percent.
“NPC is too much in debt,” he said.
“Congress will not approve to that. We will have to ask the Department of Energy to develop a more credible long-term business model for Napocor so that it will be sustainable.”
Tampico said National Power’s financing problem must be solved to enable it to deliver power to the areas not connected to the transmission system. Those missionary areas, which pay less for electricity, covered 3,947 villages in 37 provinces, or about 650,000 households, he said.
But Osmeña said the government would have to study National Power’s request before making any decisions to help it bridge its financing gap. –Rey T. Salita, Manila Standard Today

January – ZERO WASTE MONTH

“Stop wasting our money.
Stop corruption!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos

Events

  • 21 March 2026 – CLiCk 5 leadership course starts, will last 11 Saturdays
  • 6 March 2026 – NTUC Phl celebration of Women’s month begins
  • 14 Dec 2025 – CLiCk 1 to 4 Alumni Homecoming
  • 14 Dec 2025 – NTUC Phl Executive Board/General Council Meeting
  • 3 Dec 2025 – NTUC Phl’s workers associations and its sub-center in the informal economy review progress and next steps in concurrent general assemblies
  • 30Nov 2025 – NTUC Phl in the Trillion Peso March at Edsa People Power Monument
  • 19 and 26 Nov 2025 – NTUC Phl concurrent Women and Youth Assemblies
  • 1-2 Sept 2025 – JILAF/NTUC Phl Blended Seminar on Employment Security and Industrial Relations with the theme “Security of Jobs and Health and Safety in the Just Transitions”
  • 18 Aug 2025 – NTUC Phl in its 7th Anniversary
  • 19 July 2025 – Eight participants (six women) complete 4th Cluster learning course (CLiCK 4)
  • 29 Apr 2025 – Joint celebration of 28 Apr International Day of Mourning and Labor Day
  • 1 Apr 2025 – NTUC Phl blended celebration of Women’s Month
  • 22 Mar 2025 – Start of CLiCK 4 (2025) Course) [End July]
  • 14 Dec 2024 – Graduation and investiture of of CLiCk 3 (2024) graduates
  • 18 Aug 2024 – 6th NTUC Phl Anniversary

#Coronavirus in Phl

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

Trade Union Solidarity Campaigns

January

 

24 Jan – International Day of Education

26 Jan – International Day of Clean Energy

 

Monthly Observances:

 

National Microinsurance Month 

Zero Waste Month

 

Weekly Observances:

Week 1: National Time Consciousness Week

Week 3: National Mental Health Week 

Last Week: Children’s Week


Daily Observances:

January 6: Community Development Day 

Third Sunday: Children’s Day 
Day of Sanctity and Protection of Human Life

 

  • 12 June 2024 – Global unions urge ILO to invoke Article 33 on Myanmar
  • 14 Sept 2022 – IUF — Myanmar : URGENT ACTION to stop military junta
  • 13 Dec 2021 – Indian farmers end yearlong protests as government caves in
  • Act NOW! – LabourStart

Asbestos Campaign

No to Trafficking

  • 13 Nov 2025 – 346 scam hub victims back from Myanmar
  • 1 Oct 2025 – Philippine maintains Tier 1 status in US trafficking report
  • 28 June 2025 – UN exposes Cambodia as hub of transnational human trafficking and online scam operations
  • 27 May 2025 – Human Trafficking for Forced Labour in Supply Chains: What You Need to Know
  • 22 Apr 2025 – Scam Industry In Asia Spreading Globally, Warns UN – Bernama
  • 31 Mar 2025 – 54 Myanmar repatriates suspected of backdoor exit; Viado calls for stronger security, legal action
Facebook-f X-twitter

Jobs! Jobs! Jobs!

  • To ace your next interview for a management position, be ready to answer these 10 questions
  • 30 Mar 2021 – DOLE to hire displaced workers as contact tracers
Categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.