— The solar power generation firm owned by Senator Loren Legarda's son will soon receive its congressional franchise to operate.
Congress on Monday ratified a measure providing a 25-year franchise to Solar Para Sa Bayan Corp. of Legarda's son, Leandro Leviste. It will now be sent to President Rodrigo Duterte for his signature.Under the law, Congress has the power to grant franchises to companies providing public services such as utilities and media.
Solar Para Sa Bayan promotes itself as a social enterprise looking to provide cheap electricity to Filipino households, particularly in areas which remain without access to power, through renewable energy sources. Unlike existing utility firms with separate power generation and distribution companies, the Leviste-led electricity provider will take on the construction, installation and establishment of connections, as well as the operation and maintenance of"distributable" energy resources via a microgrid system. This is also different from the current practice that puts power firms on the wholesale electricity spot market, where the rates are set through daily trading.
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