The National Grid Corporation of the Philippines (NGCP) said its estimated capital expenditure (capex) requirements for the operations and maintenance (O&M) of its assets from 2022 to 2040 is at P66.6 billion.
In its Transmission Development Plan (TDP) for 2022 until 2040, the company said it currently has around 159,596 operational assets, varying from substation primary equipment, protection relays, secondary devices to transmission line towers and other structures.
NGCP said the capex allocation is crucial to increase the reliability of the national grid and improve the transmission system and facilities throughout the country for a reliable, adequate, secure and stable service for all users of the nationwide electricity transmission system.
Under the TDP for 2022 to 2040, bulk of NGCP’s O&M expenses is for substation reliability projects equivalent to a total of P34.02 billion and covers the acquisition, installation and replacement works for high voltage equipment, protection and secondary devices, substation upgrading/automation as well as operation resiliency plans to ensure the reliable operation of the power grid.
Meanwhile, transmission line reliability projects have the second biggest allocation at P17.22 billion which include replacement of line-associated high voltage equipment, secondary devices and other accessories that are classified as transmission assets.
Acquisition, installation and replacement of associated high voltage equipment, secondary devices and other accessories that are classified as sub-transmissionassets have an estimated capex of P7.43 billion.
