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INDIA'S POWER GRID COMPETES FOR PHILIPPINES ENERGY CO CONTRACT.
NEW DELHI, Dec 3 Asia Pulse - Power Grid Corp (BSE:532898), India's largest power transmission utility, is pitched against three companies from Italy, Malaysia and China to secure a multi-billion dollar 25-year contract to run a transmission company in the Philippines', a final decision on which is likely by the middle of this month.
A consortium of Power Grid and Philippine investment firm Citadel Holdings is in the race for running the National Transmission Company.
Power Grid said it is eyeing up to a 20 per cent stake in TransCo, which was formed to manage the transmission assets of the National Transmission Company.
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