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BusinessWorld
May 20, 2021 | 12:09 am
BW FILE PHOTO
NATIONAL Grid Corp. of the Philippines (NGCP) is on schedule with its planned initial public offering (IPO), it said on Wednesday, shortly after the energy regulator gave the privately led company a six-month extension to complete its listing requirements.
âWe are on track with our planned listing. We will inform the ERC (Energy Regulatory Commission) of the developments, in line with its directive for us to submit a monthly compliance report,â NGCP Spokesperson Cynthia P. Alabanza told
BusinessWorld in a Viber message Wednesday.
The ERC order was issued on March 10.
In a briefing with reporters on Wednesday, Ms. Alabanza said that NGCP has been preparing for the listing even before the pandemic.