Napocor seeks investors to rescue off-grid islands from costly diesel

Napocor seeks investors to rescue off-grid islands from costly diesel

The National Power Corp. (Napocor), the state-owned utility responsible for supplying electricity to the country’s remote areas, is looking for private sector investors to help fund its five-year transition away from expensive diesel reliance toward renewable energy.Napocor President Jericho Nograles told reporters in a recent interview that they are preparing to deploy the pilot solar-diesel hybridization facility on Ticao Island in Masbate pro…