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Politics

CONCERN RAISED OVER UDENNA MALAMPAYA BUYOUT

Senator Win Gatchalian expressed grave concern over the country’s power situation following reports that businessman Dennis Uy of Udenna Corporation is mulling selling his controlling stakes in the Malampaya deepwater gas-to-power project. “With the expiration of Malampaya’s service contract in 2024, the depletion of the remaining reserves in the gas field by 2027, and now […]