• National Grid Corp. seeks P8.05-B capex

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    Power grid operator National Grid Corporation of the Philippines (NGCP) has applied for an P8.05-billion capital expenditure (capex) program for next year to the Energy Regulatory Commission (ERC).

    In its application to the ERC docketed December 11, the grid operator said the capex program is for five new projects, four technical upgrades including corporate expenses and five assets for acquisition.

    NGCP said the projects involve the Tiwi Substation upgrading (P200.98 million), Naga Substation upgrading (P69.69 million), Clark-Mabiga 69-kilovolt (kV) transmission line (P58.28 million), Bataan 230-kV grid reinforcement (P359.88 million) and the Hermosa-San Jose 500-kV transmission line (P19.96 million).

    The five projects amount to P708.79 million.

    The indicated cost is only for the disbursement in 2016 and is not the entire project cost.

    For other programs next year, NGCP allocated P5.02 billion for maintenance and replacement of transmission line and equipment (P2.90 billion), revenue metering expansion including maintenance replacement and compliance for Wholesale Electricity Spot Market (WESM) rules and guidelines (P326.80 million), telecommunication and SCADA maintenance and expansion (P1,358.17) and corporate infrastructure, security and information technology (P438.76 million).

    The grid operator also earmarked P2.31 billion for five assets under acquisition.

    NGCP identified the assets as CEDC-VECO’s colon 138-kV line, Calung-Calung 138-kV double circuit transmission line and other associated assets, New Salong 230-kV substation and Salong Calaca 230-kV line, Ingore-Sawang 138-kV Submarine Cable including Ingore & Sawang CTS and the Sawang Zaldivar Substation and the CIP II Substation which includes the Bacnotan Mabanengbeng Lines 1 and 2 and the Mabanengbeng-Holcim 69-kV line.

    The cost to consumers was not indicated in the petition.

    NGCP operates transmission lines around the country.

    PNA

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