NGCP to seek ok for P22-B project

The National Grid Corp. of the Philippines (NGCP), the private operator of the country’s power transmission highway, is targeting to proceed with the 500-million Leyte-Mindanao Interconnection Project (LMIP) with a plan to seek regulatory approval by yearend.

The LMIP, which involves a proposed expenditure of $500 million or approximately P22 billion, is set to connect the Visayas and Mindanao grids through 23 kilometers of submarine cables from NGCP’s Leyte and Surigao substations.