The National Grid Corp. of the Philippines (NGCP) on Wednesday reiterated it is on track to stage its initial public offering (IPO) in six months’ time. “Right now, we’re on track with our planned activities and in accordance with the ruling handed out by the ERC (Energy Regulatory Commission). We will comply and we will be giving them monthly updates and we are mindful of the six-month deadline,” NGCP spokesperson Cynthia Alabanza told reporters on Wednesday. Managing Director Luis Limlingan said several factors will weigh on whether or not NGCP’s public offering will be well received. Another is the pricing, the more attractive, obviously it will be better,” Limlingan told The Manila Times in a message.

Source: Manila Times May 19, 2021 16:30 UTC