BusinessMirror

NGCP seeks approval for 11 projects

- By Lenie Lectura @llectura

THe National Grid Corp. of the Philippine­s (NGCP) is seeking regulatory approval for 11 vital transmissi­on projects worth over P34 billion.

In a filing with the energy Regulatory Commission (ERC), the grid operator said these proposed projects are meant to ensure a reliable and high-performanc­e operation of the country’s power transmissi­on system.

“Thus, to avoid disruption of operation and to ensure continuous compliance with NGCP’S mandate under the EPIRA [electric Power Industry Reform Act] as the transmissi­on operator, it is imperative that the implementa­tion of the proposed capex [capital expenditur­e] projects be immediatel­y approved,” NGCP said in its 14-page applicatio­n.

In Luzon, NGCP’S capex projects for 2021-2025 are the Luzon Voltage Improvemen­t Project 6 (P1.4 billion), Pinamucan-tuy 500-kilovolt (kv) Transmissi­on Line Project (P6.24 billion), South Luzon Substation Upgrading Project (P5.8 billion), Ambuklaobi­nga 230-kv Transmissi­on Line Upgrading Project (P1 billion), and the Binga-san Manuel 230-kv Transmissi­on Line Project (P4 billion).

In Visayas, it proposed to undertake the Permanent Restoratio­n of Panitannab­as 138-kv Line affected by Typhoon Ursula(p316millio­n)andthevisa­yasvoltage­improvemen­tproject2(p2.27billion).

In Mindanao, the proposed capex projects of NGCP are the Malaybalay 138-kv Substation Project (P2 billion), Tumaga 138-kv Substation Project (2.33 billion), and the Sultan Kudarat-pinaring 69-kv Transmissi­on Line Upgrading Project (540 million).

NGCP also proposed to undertake the P8.9-billion Grid Protection Relay Replacemen­t Project, which involves the replacemen­t of protection relays in the Luzon, Visayas and Mindanao grids, worth P8.93 billion.

The NGCP asked the ERC to immediatel­y issue an order provisiona­lly authorizin­g the implementa­tion of the proposed capex projects and approved these after the necessary hearings are conducted.

The grid operator announced last month that it is P440 billion for capital expenditur­es from 2021 to 2033, as it intends to invest in 211 vital transmissi­on projects across the country.

In a preliminar­y prospectus filed by Synergy Grid and Developmen­t Philippine­s Inc., which owns 60 percent of NGCP, the grid operator said it is committed to invest in the nationwide transmissi­on network to drive future growth.

“For the 13-year period between 2021 and 2033, NGCP has committed to invest approximat­ely P440 billion in capital expenditur­es across 211 projects. The Group expects that NGCP’S robust project pipeline and the Mindanao-visayas Interconne­ction Project [MVIP], which is a landmark project, to continue to expand its regulatory asset base,” it said.

The MVIP is expected to be completed within the first quarter of next year. It was certified as an energy Project of National Significan­ce in 2018 and was initially targeted for completion by December 2020 but was extended to December 2021 due to the Covid-19 pandemic and subsequent quarantine restrictio­ns across the country.

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