MANILA -National Power Corp. (Napocor) is losing P1 billion a month due to the highly volatile price of diesel fuel, prompting more efforts to hybridize diesel-fired power plants in off-grid areas, according to its top official. Napocor president and chief executive officer Fernando Roxas recently told reporters that his office's diesel rates were designed to recover P35 per liter. However, the price of diesel fuel has been soaring to as much as P70 per liter, resulting in more losses for the corporation in charge of operating small power utilities group (SPUG) power plants in off-grid areas.

https://business.inquirer.net/405099/napocor-losing-p1b-a-month-says-chief

#inquirer