Who is P4P stooging for?

By Mauro Gia Samonte

Mar 23, 2024 12:05 am

TO begin with, what is P4P? And why does it merit attention?

For context, there is this recent partnership forged by the country's three leading power companies — Meralco PowerGen Corp. (MGen), Aboitiz Power Corp. (AboitizPower) and San Miguel Global Power Holdings Corp. (SMGP) — to establish an integrated liquefied natural gas (LNG) facility in Batangas. Economic analysts view the merger as a positive development in line with the current administration's thrust of boldly expanding the economy.

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