Philippines' Richest Man and Pacquiao Team Up to Tackle Power Issues

Jul 27, 2026

79 min

Jul 27, 2026 04:30

Philippines' top billionaire joins Manny Pacquiao in bid to solve blackouts, modernise electric distribution

## New Partnership to Modernize Power Distribution

In a significant development for the Philippines' energy sector, billionaire Enrique K. Razon Jr. and boxing icon Manny Pacquiao are collaborating to modernize an electricity cooperative in the southern region. This initiative aims to address persistent power outages and inefficiencies affecting numerous consumers.

## Support from Cooperative Members

The partnership, operating under IGNITE Power, received strong backing from over 32,000 members of the South Cotabato II Electric Cooperative (SOCOTECO II) during a recent assembly. Although the agreement is not yet finalized, this endorsement indicates a willingness among cooperative members to welcome private investment to revamp the aging distribution network.

## Challenges and Opportunities

The Philippines has 121 electric cooperatives, many of which face challenges like unreliable service and financial mismanagement. The proposed venture seeks to inject new capital for upgrading facilities in General Santos City and surrounding areas. For Razon, this project expands his interests in the power sector, while for Pacquiao, it addresses a longstanding issue in his home region of Mindanao.

## Regulatory Hurdles Ahead

Before the partnership can proceed, it must clear several regulatory hurdles, including approval through a member plebiscite and guidelines from the National Electrification Administration. SOCOTECO II plans to launch an information campaign to educate members about the agreement's terms and benefits.

## A Potential Model for Others

If successful, the Razon-Pacquiao venture could serve as a model for other cooperatives seeking private investment while maintaining member oversight. The project represents a promising step towards improving the power landscape in southern Philippines, though it remains contingent on regulatory approval.

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