Investments in power transmission hit P151B

    14

    The National Grid Corporation of the Philippines (NGCP) said it has invested over P151 billion since the privatization of the operations, maintenance and expansion of the country’s power transmission system in 2009.

    NGCP said the investment covers a total of 5,626 transmission structures, 2,472 circuit-kilometers of transmission lines, 18 new substations, 63 upgraded substations and an additional 15,634 MVA of transformer capacity which has been installed in the past 10 years.

    “Our projects, which will be worth P188 billion by end of 2019 and those in the pipeline, are meticulously planned by our engineers and updated year after year with careful consideration for the needs of every single area in the country,” NGCP said in a statement.

    It also mentioned that under its transmission development plan, more priority projects set to further improve the country’s transmission backbones and alternative transmission corridors as well as resiliency policies for power transmission facilities are laid out.

    An estimated total investment of P463 billion is already programmed for the next 10 years, NGCP said.

    Among the crucial projects the company is set to complete in the coming years are the 500kV substation projects for Taguig and Marilao and 230kV substation projects for Pasay, Navotas and Antipolo to cater to the load growth of Metro Manila.

    In Visayas, key projects being built are the Cebu-Bohol 230kV interconnection project to accommodate the load growth and provide reliability in Bohol Island, Nabas-Caticlan-Boracay interconnection project to provide reliability in Boracay Island, and the Visayas voltage improvement project that will improve the quality of power in the region.

    In Mindanao, developments that are underway are the 230kV backbone project to upgrade the region’s transmission capacity and secure the reliability of power transmission services throughout the island; the Mindanao substation upgrading project to increase the substation capacity; and the Kabacan 138kV substation project to update power reliability in South Western Mindanao area.

    NGCP also said it is on track to complete the Mindanao-Visayas Interconnection Project (MVIP) that is set to be the largest energy infrastructure in the history of the country worth P52 billion.

    “We are dedicated to completing the MVIP by December 2020 not only because we committed this, but also because interconnection among the three main grids is long overdue,” NGCP said.

    “The interconnection of Visayas and Mindanao was first proposed by government in 1984; but it was private entity NGCP which brought the government’s decades old plan from the feasibility stage to the implementation and completion stage,” it added.

    NGCP is a privately owned corporation in charge of operating, maintaining and developing the country’s power grid. It transmits electricity through interconnected systems of transmission lines, towers, substations and related assets.

    In 2009, after a public bidding, state-run National Transmission Corp. turned over the management and operation of the country’s power transmission system to NGCP, but ownership of all transmission assets remained with the government.