“We hope that the Philippine side can deal with relevant issue in a just and impartial way, protect the rights and interests of Chinese enterprises in the Philippines, and create a favorable environment for foreign investors,” Chinese Foreign Ministry Spokesperson Hong Lei said in a press conference commenting on the reports that Chinese experts will be sent home for security concerns on National Grid Corporation of the Philippines.
The Chinese official noted that State Grid Corporation of China, Chinese goverment-owned, made “important contributions to the development of the Philippines’ national electric power.” The Chinese corporation owns 40% of NGCP.
The decision to send home all Chinese experts is a matter of national security and to eliminate fears on any possible sabotage in country’s power industry. Two Chinese executives will remain in the country just to represent their company as board members.
“It was agreed last year that the management and technical operation will be run by an all-Filipino team by July,” Energy Secretary Carlos Jericho Petilla said.