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Ignite Power, MP Holdings, Primelectric Propose Joint Venture with SOCOTECO II to Modernize Power System, Attract Investors Former Senator Manny Pacquiao, owner of MP Holdings Corporation, and Primelectric Holdings Inc. President and CEO Mr. Ruel Castro jointly announced a proposed partnership through Ignite Power and Energy Corporation with South Cotabato II Electric Cooperative (SOCOTECO II) to address persistent power reliability issues and support long-term regional development. During the p

IGNITE Power–SOCOTECO II JV Targets Asset Modernization, Not Takeover or Privatization By Alex P. Josol and Jeniffer Q. Josol IGNITE Power has clarified that its proposed Joint Venture (JV) with SOCOTECO II is focused on upgrading and modernizing the cooperative’s electric distribution assets—not on taking over or privatizing the cooperative itself. Under the proposal, the partnership will cover substations, transformers, distribution lines and poles, electric meters, and other essential operati

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