Business World, Apr. 2, 2019, Bill Tapping Malampaya Fund To Pay For Npc Dept Seen Ratified Before Congress Concludes.pdf

u*'-Dcono

Ikrsfm*sxWorld

Billtapping Malampaya fund to pay for THE Murang Kuryente Bill, which

willsettle

the NationalPower corp.'s (NPC) obligations bytapping the P208-billion net national governmentshare in the l'lalampaya fund, is expected for ratification when the congres-

sionalsession resumes in l'4ay'

"l hope President Duterte willsiqn this landmark bill immediately for the Filipin0 ' pe0ple to finally receive tangible benefits from the lvalampaya Fund as soon as posslble," Senat0r sherwin T. Gatchalian, chair 0f the enerqy committee, was quoted

NPC debt seen

as saying,in a statement on Monday.

ratified before Congtess concludes in

in. dlf it.*p.,t.O to g.nerate P172 monthly stvings per household for those consumiriq ?00 kilowatt-hours (kWh) on

averaqe. The measure hurdled the Bicamelal

conference committee on March

7

pAQ€ -et /ca a

The House of Representatives and the senate are currentlv in recess until May 19

paya Natuml Gas Project to cover NPC5 stranded

for the midterm elections. Session will

resume oh May 2o-June Z leavlng

legislators

three week 0f work before the l7'h Cong concludes.

lf signed into hW the measure wlll utilize the P2o8-billion qovemment share in the Malam-

ress

contnctrostsandslnndeddebts.The6eare cunently p6sed on to consumers thiough the univenal chaEe.

-

ch naincATadahl