Manny Pangilinan’s MGEN Corp., nevertheless, says the corporate that acquired a congressional franchise, Photo voltaic Para sa Bayan, is completely different from SP New Power Corp. which MGEN acquired from Leviste
MANILA, Philippines – Batangas Consultant Leandro Leviste is being investigated for “promoting” the franchise of his photo voltaic power enterprise to tycoon Manny V. Pangilinan, in accordance with Ombudsman Jesus Crispin “Boying” Remulla.
In a radio present on DZRH on Saturday, January 10, Remulla assailed Leviste for “flipping” Photo voltaic Philippines to Pangilinan after securing a franchise to place up photo voltaic microgrids in choose provinces nationwide in the course of the Rodrigo Duterte administration.
“Kasi dapat yun yung franchise ‘di dapat ninenegosyo yun e. Batang-bata binebenta mo yung franchise, wala ka bang kahihiyan? Anong klaseng Pilipino yan?” he stated.
(A franchise shouldn’t be made right into a enterprise. He’s so younger but he’s promoting a franchise, has he no disgrace? What sort of Filipino are you?)
“Nationwide franchise, renewable power, essential to the nationwide life tapos ganun lang? Tapos, ‘bebenta mo, fi-flip mo lang? Nanay mo [Loren Legarda] pa senador,” Remulla stated.
(Nationwide franchise, renewable power, essential to nationwide life and then you definately promote similar to that? You promote it, you flip it. And your mom is even a senator.)
Duterte signed Republic Act No. 11357 into legislation on July 31, 2019, offering a franchise to Leviste’s Photo voltaic Para Sa Bayan Company.
Remulla stated this was the extra vital situation than the Cathy Cabral recordsdata which Leviste has uncovered, including that the recordsdata the congressman has are questionable.
“Kasi marami s’yang ibang problema e. Yung prangkisa n’ya ineembistiga na ngayon e… Yung ang pagusapan muna natin, bago ang lahat,” he stated.
(He has different issues. His franchise is being investigated now… That’s what we must always speak about first earlier than the rest.)
“Mas mabigat na isyu yung sa franchise n’ya. Keep in mind, walang consent ang Congress sa switch ng franchise na ‘yan. Important ‘yan.”
(His franchise is a much bigger situation. Keep in mind, there’s no consent from Congress for the switch of the franchise. That’s essential.)
Remulla additionally alleged that Leviste’s corporations have a complete of “84 cancelled [solar energy] contracts thus far,” with important affect on the nation’s power outlook.
“Are you able to think about the impact on the nationwide power state of affairs. Sasabihin mo eto na ang forecast natin sa power, andyan ang DOE [Department of Energy], naniniwala sayo, yun pala drawing lang,” he stated.
(Are you able to think about the impact on the nationwide power state of affairs? You give a forecast on power, the DOE is there, it believes you after which it seems to be only a drawing.)
In an obvious response to Remulla’s statements, Leviste stated he would reply to all of the accusations made in opposition to him when Congress resumes its session on January 26.
“Bibigyan ko kayo ng dalawang linggo para sabihin ang lahat. Sasagutin ko ang lahat sa pagbubukas ng Kongreso sa January 26,” Leviste stated in a social media put up, with out specifying who he was referring to.
(I offers you two weeks to say all the pieces. I’ll reply all when Congress opens on January 26.)
Throughout a Senate listening to on the funds of the Division of Power (DOE) final October, Power Undersecretary Rowena Guevarra disclosed that 21 photo voltaic power contracts of Leviste’s Photo voltaic Philippines are “being processed for termination because of the firm’s failure to ship the scheduled targets.”
Rappler’s enterprise columnist Val Villanueva, in his newest column, stated the case of Leviste’s Photo voltaic Philippines “exposes how the nation’s renewable-energy framework might be gamed.”
Pangilinan’s Metro Pacific Investments Company began investing in Leviste’s SP New Power Company (SPNEC) in March 2023, and by December 2023, Manila Electrical Firm subsidiary, Meralco PowerGen Company (MGEN), had accomplished its P15.9-billion buyout in Leviste’s SP New Power Company (SPNEC), successfully changing into the controlling shareholder with 50.5% voting rights.
Leviste grew to become the vice chairman of SPNEC whereas Pangilinan assumed the function of chairman, president, and CEO of SPNEC.
MGEN, in a media assertion on Sunday, January 11, stated SPNEC is a “separate and distinct company entity from Photo voltaic Para sa Bayan Company (SPBC),” the Leviste firm that acquired a 25-year congressional franchise in the course of the Duterte administration.
SPNEC, nevertheless, is a subsidiary of Photo voltaic Philippines.
“MGEN didn’t purchase any share in SPBC, which was awarded a congressional franchise through Republic Act 11357 to assemble and set up and function microgrids in distant areas. Furthermore, MGEN is just not aware about any transactions of SPBC nor to any circumstances that will relate to its compliance with its franchise,” the ability agency stated.
Thus, MGEN stated “SPNEC’s enterprise and operations aren’t depending on the franchise talked about.”
MGEN additionally insisted that its funding in SPNEC “didn’t violate any legislation or regulation,” noting that “the transactions of SPNEC, together with the entry of MGEN by way of its associates” had been “scrutinized and permitted by the Philippine Inventory Change and the Securities and Change Fee.”
On Sunday, Leviste additionally reposted MGEN’s media assertion on his Fb web page.
– Rappler.com
