THE National Grid Corp. of the Philippines (NGCP) assured the public on Wednesday that China is incapable of taking over the country’s power grid after it was reported that the East Asian country can take control of the transmission network through one of its state-owned companies.

In a statement, the power grid operator — a consortium of Henry Sy Jr.’s Monte Oro Grid Resources Corp., Robert Coyiuto Jr.’s Calaca High Power Corp. and the Beijing-run State Grid Corp. of China (SGCC) — said the first two had a combined 60-percent controlling stake and the third, only 40 percent.