Govt. assumes NPC debt up to P200B

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EXECUTIVE ORDER NO. 370: Govt. assumes NPC debt up to P200B

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Title Source: Supreme Court: Govt. assumes NPC debt up to P200B

Law: Executive Order No. 370

Decision Date: Oct 12, 2004

The Philippine law mandates the National Government to assume a portion of the financial obligations of the National Power Corporation (NPC) in accordance with the Electric Power Industry Reform Act (EPIRA), with the Department of Finance (DOE) as the lead agency responsible for addressing and resolving related issues.

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