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Energy

Philippines' Marcos backs probe on China-owned power grid company

Takeover of National Grid Corporation of the Philippines possible, Marcos warns

President Ferdinand Marcos Jr. is backing a senator's proposal to conduct a "comprehensive study or hold hearings" on the National Grid Corporation of the Philippines. (Source photos and logo by Reuters and National Grid Corporation of the Philippines SNS)

MANILA -- Philippine President Ferdinand Marcos Jr. has backed a probe to determine whether the government should take over the country's sole power grid operator, which is partly owned by China.

Marcos "agreed" with a Philippine senator's proposal to conduct a "comprehensive study or hold hearings" on the National Grid Corporation of the Philippines, in part due to national security concerns.

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