Ignite Power-Socoteco II deal gets plebiscite approval

MANILA, Philippines — Razon-led Primelectric Holdings Inc. is entering into a joint venture with South Cotabato II Electric Cooperative (Socoteco II) after a plebiscite approved the proposed deal. In a statement, Ignite Power and Energy Holdings Inc. said the cooperative’s overall plebiscite committee proclaimed the final results on Sunday, with 137,978 member-consumer-owners (MCOs) supporting the conditional