The National Power Corp. (Napocor) and the National Transmission Corp. (Transco) will step up in the electrification of off-grid areas this year, the Department of Finance (DOF) said in a statement yesterday.
The DOF said Napocor and Transco are targeting to add 45.31 megawatts of power capacity, 71.3 circuit kilometers of transmission lines and build 45 megavolt amperes substation facilities this year to provide electricity to some 30,000 unserved households.
In a report to Carlos Dominguez, DOF secretary, Napocor said it will also add 11 Small Power Utilities Group plants providing 24/7 electricity to unserved areas, as part of its missionary electrification project in 2021.
As of end-2020, Napocor said 1,080,242 households in missionary areas already have electricity while 473,845 remained unserved.
Despite the work suspensions as a result of several powerful typhoons and the coronavirus pandemic, Napocor was able to surpass its 2020 target of providing electricity to unserved areas by 8,587 households for increase in operations and 2,433 households for new areas, the DOF said.
This year, Napocor plans to narrow this gap by providing electricity to 28,972 households, which will cut its backlog on unserved areas to 444,873 households.
Transco, meanwhile, targets to complete the power development plan (PDP) for the interconnection of unserved and underserved island municipalities this year. It is expected to come up with the studies and plans that will provide the general framework for the interconnection by the end of the year.
Its goal is to complete its PDPs for the Palawan island grid and implement the PDP for the Cagayan Economic Zone Authority this year.
The DOF said Transco’s total assets, comprising receivables, trust assets, plants and equipment, dropped 2.8 percent from P326.39 billion in 2019 to P325.31 billion in 2020.
Transco reported budgetary savings of P503.86 million in 2020, with the bulk of its unspent funds coming from unrealized capital expenditures of P360.12 million.
The firm collected P108.96 million in right-of-way (ROW)-related capital expenditures last year and filed 76 expropriation cases.
Transco was also able to approve for settlement 49 claims related to expropriation issues.
This year, it said its goal is to file or settle 122 ROW cases and claims.