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Manila billionaire Henry Sy Jr. pitches $11-billion 10,000MW 'powerbank' to cut electricity rates: Will EPIRA let him do it?

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Gulf News
“Manila billionaire Henry Sy Jr. pitches $11-billion 10,000MW 'powerbank' to cut electricity rates: Will EPIRA let him do it?”

MANILA: Filipino tycoon Henry Sy Jr. is pitching a nationwide chain of battery energy storage systems to help ease high electricity costs over the long term. His idea: prepare the grid for a possible El Niño in 2027, through a relatively quick rollout of giant powerbanks. Speaking at a rare media chat on Thursday, Sy, who chairs the National Grid Corporation of the Philippines (NGCP)’s parent firm Synergy Grid & Development Philippines Inc., said the country should take advantage of the sharp…

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