National Power Corporation
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| State-owned | |
| Industry | Electric utility |
| Founded | November 3, 1936 |
| Headquarters | BIR Road corner Quezon Avenue, Diliman, Quezon City 1100, Metro Manila, Philippines |
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Key people
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Ma. Gladys Cruz-Sta. Rita, President and CEO August 2013- Present |
| ₱1.536 Billion (2014) | |
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Number of employees
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1,889 (as of July 2015) |
| Website | www |
Ma. Gladys Cruz-Sta. Rita, President and CEO
The National Power Corporation (Filipino: Pambansang Korporasyon sa Elektrisidad, also known as Napocor, NPC or National Power), is a Philippine government-owned and controlled corporation that is mandated to conduct missionary electrification throughout the Philippine archipelago. Prior to the deregulation of the power industry in the early 2000s, NPC was a vertically integrated power utility engaged in the production, transmission and distribution of electric power and used to be the largest provider and generator of electricity in the Philippines. It was also the principal power provider for Manila Electric Company, the only power distributor in the Metro Manila area and its nearby provinces (including all towns or cities such as Santo Tomas, Batangas on some of their respective provinces that cover the Meralco franchise).
Napocor used to be the country's largest corporation in terms of revenue. Profitability however is a main concern now because it is in the business of missionary electrification that provides electricity to far-flung, off-grid remote areas and islands at subsidized rates. As a government owned and controlled corporation, Napocor is subject to the scrutiny of the Commission on Audit (COA) and the Governance Commission for Government Owned and Controlled Corporations (GCG). It also manages 17 large dams and 11 watersheds in the country and continues to oversee the privatization of the government's remaining undisposed power assets. As of December 2015, NPC has a total of 1,735 Megawatts of generating capacity, which includes 345 MW of small generators in small islands and off-grid locations and 1,390 MW in hydroelectric power plants and independent power producing plants in the main grids.
The National Power Corporation was originally organized as a non-stock, public corporation under Commonwealth Act No. 120 approved by President Manuel L. Quezon on November 3, 1936. The law nationalized the hydroelectric industry and reserved for the use of NPC, all streams, lakes and springs in the Philippines where power may be developed, subject to existing rights. In 1960, under Republic Act No. 2641, it was converted into a wholly government-owned stock corporation with a capitalization of ₱100 million.
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