MANILA -Tycoon Enrique Razon Jr.'s MORE Electric and Power Corp. has earmarked P4 billion to fund the modernization of a Bacolod City-based electric cooperative. MORE Power president and CEO Roel Castro told reporters on Tuesday they needed around P2 billion to purchase assets for its joint-venture (JV) agreement with Central Negros Electric Cooperative (Ceneco) and another P2 billion as working capital. The firm earlier proposed a partnership with Ceneco through sister company Primelectric Holdings Inc.

https://business.inquirer.net/404395/razon-to-invest-p4b-in-bacolod-power-utility

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