The Maharlika Investment Corp. , which manages the Philippines’ first sovereign wealth fund, is concentrating its planned energy sector investments on developing the transmission and distribution infrastructure of the country's off-grid islands.“Maharlika will be focused on lines, just the transmission lines. We do not see ourselves investing in the generation side or the distribution side…,” MIC president and CEO Rafael Consing Jr. said at a press conference in Quezon City on Friday.
As part of its initiatives to focus on island power grid infrastructure, the MIC signed a memorandum of understanding with the National Electrification Administration and the Palawan Electric Cooperative to improve the electrical infrastructure in the island province of Palawan.