Manila, Feb. 9 -- President Ferdinand R. Marcos Jr. on Monday stressed the importance of clear rules and shared responsibility between the government and the private sector as he led the turnover of the Caliraya-Botocan-Kalayaan (CBK) Hydroelectric Power Plants to a private consortium.

Marcos said partnerships between the public and private sectors help ensure that essential services like electricity remain reliable, affordable, and responsive to public needs.

"Building on the strength of both the public and private sectors, we encourage collaborations that safeguard the public interest while promoting transparency and accountability," Marcos said in his speech.

The CBK complex is one of the largest hydropower facilities in Luzon, pro...