NGCP plans to invest in more grid projects

Quick Summary:

The National Grid Corporation of the Philippines (NGCP) is ready to implement more than 100 transmission projects worth over P600 billion that are aimed at addressing the needs of the power grid, ensuring its reliability and stability to prevent transmission-related outages.

NGCP President Anthony Almeda said after the briefing that the grid operator expects the ERC to be “fair for all,” as it “badly needs” to have its applications resolved and approved at the soonest time possible.

While the draft PID indicated a total allowable revenue (ARR) for NGCP of only P183 billion out of the P388 billion for 2016 to 2020, the draft FD indicates a total allowable revenue for 2016-2022 of P310 billion out of the P552 billion claimed by the NGCP.

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Article Details

Author / Journalist: Lenie Lectura

Category: BusinessStartups

Markets: Philippines

Topics: Energy Ngcp Grid 138kv Consultations Line Transmission Power Luzon Billion Draft

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 16:02:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 825 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23588601

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